Economic rents refer to the financial gains made from an asset that is in excess of the ordinary returns in a particular industry.

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Economic rents are defined as financial gains that go beyond the ordinary returns. These may arise due to factors such as limited supply, unique skills, or other market imperfections that give the asset owner a competitive advantage. It can be seen as an abnormal profit or surplus earned by the asset owner.

Economic Rents Refer to the Financial Gains Made from an Asset