What is Economic Rent?
Economic rent is the minimum amount of capital must receive in order to let someone else use that land, labor or capital.that an owner of land, labor or
How Does Economic Rent Work?
For example, your economic rent is the amount of debt you're in, the bills you have to pay, and the you want to save. The value may vary depending on the demand for your skills and your own inclinations about work, but your economic rent is usually equivalent to the salary and compensation you are willing to accept to do a job.that makes you get out of bed in the morning. As the owner of an economic of production (your labor and skills), this has a value to you, and that value probably has something to do with the amount of