Translation and analysis of words by ChatGPT artificial intelligence
On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:
- how the word is used
- frequency of use
- it is used more often in oral or written speech
- word translation options
- usage examples (several phrases with translation)
- etymology
economic rent - translation to dutch
![Productivity lowered the cost of most items in terms of work time required to purchase. Real [[food prices]] fell due to improvements in transportation and trade, [[mechanized agriculture]], [[fertilizer]]s, scientific farming and the [[Green Revolution]].](https://commons.wikimedia.org/wiki/Special:FilePath/Cost of chicken in time worked.jpg?width=200 "Productivity lowered the cost of most items in terms of work time required to purchase. Real [[food prices]] fell due to improvements in transportation and trade, [[mechanized agriculture]], [[fertilizer]]s, scientific farming and the [[Green Revolution]].")
Definition
.
.
Wikipedia
In economics, economic rent is any payment (in the context of a market transaction) to the owner of a factor of production in excess of the cost needed to bring that factor into production. In classical economics, economic rent is any payment made (including imputed value) or benefit received for non-produced inputs such as location (land) and for assets formed by creating official privilege over natural opportunities (e.g., patents). In the moral economy of neoclassical economics, economic rent includes income gained by labor or state beneficiaries of other "contrived" (assuming the market is natural, and does not come about by state and social contrivance) exclusivity, such as labor guilds and unofficial corruption.
