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Dictionary

ec'onom'ic rent'

the return on a productive resource, as land or labor, that is greater than the amount necessary to keep the resource producing or on a product in excess of what would have been the return except for some unique factor. Also called Ricardian theory of rent.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

economic model

economics

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