Home > Term: economic rent
economic rent
The total amount of profit that could be earned from a fishery owned by an individual after subtracting input costs (usually capital and labor). Individual ownership maximizes economic rent, but an open-entry policy usually results in so many fishermen that profits higher than the opportunity cost are driven to zero.
- ส่วนหนึ่งของคำพูด: noun
- อุตสาหกรรม/ขอบเขต: Fishing
- Category: Marine fishery
- Organization: NOAA
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ผู้สร้าง
- J Thomas
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