Definition of economic rent

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TeachMeFinance.com - explain economic rent



economic rent -- the amount of rent a property likely would command in the open market if it were vacant and available for rent. Economic rent may be more or less than the actual rent currently in force.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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