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economic rent

The correct spelling is economic rent.

How to pronounce economic rent

noun

Say it like: Eco-nom-ic -ren-t

The correct spelling is economic rent. The amount of recompense paid to a factor of production on top of its transfer earnings; this does not encompass costs incurred during the process of production or service

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Definition

noun

  1. 1.The amount of recompense paid to a factor of production on top of its transfer earnings; this does not encompass costs incurred during the process of production or service

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