A payment to an owner of a resource in excess of its opportunity cost is know as

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Economic rent is a payment made to a resource owner which is higher than the minimum payment required to keep the resource in its current use, i.e., its opportunity cost. It is a surplus payment for the use of a rare or unique resource, such as mineral deposits or a prime location for a business, and does not require any effort on the part of the owner to receive it. Real wages refer to the purchasing power of nominal wages, financial interest is a payment for the use of financial capital, and accounting profits are the difference between total revenue and explicit costs of production.

A Payment to an Owner of a Resource in Excess