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Meaning of economic rent | Babel Free

Noun CEFR B2

Definitions

the 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

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

economic scenario generator economic science economic substance economic terrorism economic warfare economical

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