Vocab Bloom Hub

economic rent

/ˌiːkəˈnɒmɪk rent/

1 entry

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phrase

/ˌiːkəˈnɒmɪk rent/C1formal
  • ruВ экономике — избыточный доход, получаемый фактором производства (таким как земля, труд или капитал) сверх минимальной суммы, необходимой для удержания его в текущем использовании. Он представляет собой нетрудовой доход, обусловленный дефицитностью или монопольной властью.

In economics, the surplus income earned by a factor of production (such as land, labor, or capital) above the minimum amount needed to keep it in its current use. It represents unearned income due to scarcity or monopoly power.

  1. Surplus paymentC1formal

    The excess payment made to a factor of production (like land, labor, or capital) above the minimum amount necessary to keep it in its current use.

    ruИзбыточный доход

    • The landlord's high charge for the prime location is an example of economic rent.
    • In economics, economic rent is not the same as the rent paid for an apartment.
    • The company's profit included a significant amount of economic rent due to its patent.
Vocab Bloom Hub English dataset · 0.3.1

Inherited terms

Vocabulary data from the Vocab Bloom Hub English dataset (CC BY 4.0), https://huggingface.co/datasets/Fristail27/vocab-bloom-hub-en

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