Science Fair Project Encyclopedia
Resource rent
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.
Last updated: 10-15-2005 16:21:09
10-26-2009 08:16:03
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details