Resource rent

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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.

See also:

resource economics


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