noun🔗ShareThe 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"Because the landlord owned the only grocery store for miles, he charged high prices and enjoyed significant economic rents, earning far more profit than the cost of running the store would normally justify. "economyfinancebusinessvalueassetChat with AIVocabulary GamePractice Reading
