the return on a productive resource, as land or labor, that is greater than the amount necessary to keep the resource producing or on a product in excess of what would have been the return except for some unique factor.
(economics) a payment to a factor of production (land, labour, or capital) in excess of that needed to keep it in its present use
(in Britain) the rent of a dwelling based on recouping the costs of providing it plus a profit sufficient to motivate the landlord to let it
[ek-uh-nom-iks, ee-kuh-] /ˌɛk əˈnɒm ɪks, ˌi kə-/ noun 1. (used with a singular verb) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. 2. (used with a plural verb) financial considerations; significant aspects: What are the economics of such a project? /ˌiːkəˈnɒmɪks; ˌɛkə-/ noun […]
- Economic sanctions
plural noun 1. any actions taken by one nation or group of nations to harm the economy of another nation or group, often to force a political change
noun 1. a strike called in protest over wages, hours, or working conditions.
- Economic zone
noun 1. another term for exclusive economic zone