Economics
Explore Economics
Study Notes
Transfer Earnings and Economic Rent (Labour Markets)
- Level:
- A Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 3 Jul 2018
Economic rent is any amount earned by a factor of production, such as labour, above the minimum amount they require to work in a current occupation
Transfer earnings are the minimum reward required to keep factors of production, such as labour, in its current occupation.
You might also like
Transfer Earnings and Economic Rent (Labour Markets)
Student Videos
EdExcel Theme 3 Micro Knowledge Book - Labour Markets
Quizzes & Activities
Why are footballers paid so much?
15th February 2018
Multi-choice quiz on Labour Markets
Quizzes & Activities
The economics super tutor who makes $1 million a year
7th September 2016
Multi-Choice Revision Quiz on Labour Markets
19th April 2017
Gender Pay Gap widens for women with degrees
24th August 2016
Recommended
Exam support for 2022
Online Grade Booster Courses for A-Level Exams in May & June 2022
Exam technique, advance information support, live revision and more from the tutor2u subject specialist teams