The difference between what a productive resource receives as payment for its use in production and the cost of bringing that resource into production is defined as

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Rent, in economic terms, refers to the payment to a factor of production (like land, labor, or capital) over and above what it would cost to bring that factor into production. This concept is distinct from the everyday use of "rent" and is more about the economic surplus or earnings beyond the basic cost of bringing a resource into use.

The Difference Between What a Productive Resource Receives as Payment