Answer:
An 'Economic rent' can be broadly defined as income derived from ownership or control over a limited asset or resource. Such income is attained without any expenditure or effort on behalf of the resource holder or in excess of their opportunity cost.
Step-by-step explanation:
1. Search up "Economic Rent" on your browser
Information found on:
https://www.ucl.ac.uk/bartlett/public-purpose/research/economic-rents#:~:text='Economic%20rent'%20can%20be%20broadly,excess%20of%20their%20opportunity%20cost.
Hope this helps!
