What is another word for economic rent?
Pronunciation: [ˌiːkənˈɒmɪk ɹˈɛnt] (IPA) 
Economic rent is a term used in economics to refer to the payment a factor of production receives that is in excess of what is needed to keep it in its current use. This excess payment is often referred to as pure economic rent. However, there are also several different synonyms for economic rent, which include unearned income, surplus value, and monopoly profit. Unearned income refers to income that is not the result of the efforts of the recipient but is instead generated by the market. Surplus value is the difference between the value added by a worker in the production process and the wage they receive. Monopoly profit is the excess profit earned by a company with a monopoly on a particular product or service.
