economic rent

noun

Definition of economic rent

: the return for the use of a factor in excess of the minimum required to bring forth its service

Examples of economic rent in a Sentence

Recent Examples on the Web Thus, the East India Company acquired by accident the ultimate economic rent — a secure, unearned income stream. Iain Murray, National Review, 2 Nov. 2019 Daniel Leff: In media and entertainment, there’s changing consumer behaviors, and incumbents are stuck with the gravitational pull of legacy behaviors, trying to protect historic excessive economic rent. Joe Pompeo, The Hive, 5 Dec. 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'economic rent.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of economic rent

1889, in the meaning defined above

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Time Traveler for economic rent

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The first known use of economic rent was in 1889

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Cite this Entry

“Economic rent.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/economic%20rent. Accessed 19 Jun. 2021.

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More from Merriam-Webster on economic rent

Britannica.com: Encyclopedia article about economic rent

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