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Resource rent - Definition |
| Related Words: Action, Address, Answer, Aptitude, Artistry, Assets, Balance, Bonanza, Cache, Capability, Capacity, Capital, Capitalization, Cash |
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Resource rent is an economic term of abnormal or supernormal profit which derives from the exploitation of natural resources.
There are two main reasons of the existence of resource rent: The scarcity of the natural resource and the possible impact exploitation will have on natural growth of the resource in future (biological resources). If the scarcity is not reflected in a market price as in a perfect market, resource rent may be obtained.
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Example Usage of Resource |
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emplooyment: Human Resource Assistant, Customer Service Representative, Accountant, Bookkeeper, Office Manager, Jane McGuire |
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urbanfervor: beautiful math web Resource: http://mathworld.wolfram.com/ |
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indiaeducation: A human Resource is a person or employee who staffs and operates a function within an organization.http://tinyurl.com/ycgwcbx |
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