Rent

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Rent is a monthly charge by an owner for providing apartments, land or office space.

In theoretical economics rent is a concept introduced by David Ricardo and is the the excess of the produce or return yielded by a given piece of cultivated land over the cost of production; the yield from a piece of land or real estate."[1]

References

  1. ↑ rent (English) (HTML). Dictionary.com. Retrieved on 2007-09-30.