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  2. Equipment rental - Wikipedia

    en.wikipedia.org/wiki/Equipment_rental

    Equipment rental was first developed in Anglo-Saxon countries. It emerged in the UK after the First World War and has now become a multi-billion euro business providing a wide range of construction and industrial equipment for customers globally.The American Rental Association was founded as early as 1955, [1] and the first waves of consolidation took place in the 1970s in North America ...

  3. Economics terminology that differs from common usage

    en.wikipedia.org/wiki/Economics_terminology_that...

    In general usage, rent refers to a payment made in exchange for temporary use of property, for example paying rent to stay in an apartment. In economics, rent is any payment to an owner or factor of production in excess of the costs needed to bring that factor into production. Effectively, it is payment made to a producer above and beyond what ...

  4. Economic rent - Wikipedia

    en.wikipedia.org/wiki/Economic_rent

    Economic rent is also independent of opportunity cost, unlike economic profit, where opportunity cost is an essential component. Economic rent is viewed as unearned revenue [2] while economic profit is a narrower term describing

  5. Operated equipment rental - Wikipedia

    en.wikipedia.org/wiki/Operated_equipment_rental

    In the UK Crane Rental industry in the UK, which is one of the most highly developed crane rental industries in the world, special regulations for health and safety and rental procedures are in place. These are maintained as the CPA regulations. [1] In Europe, European Rental Association is the trade body representing the equipment rental industry.

  6. Lease - Wikipedia

    en.wikipedia.org/wiki/Lease

    The narrower term 'tenancy' describes a lease in which the tangible property is land (including at any vertical section such as airspace, storey of building or mine).A premium is an amount paid by the tenant for the lease to be granted or to secure the former tenant's lease, often in order to secure a low rent, in long leases termed a ground rent.

  7. Fixed cost - Wikipedia

    en.wikipedia.org/wiki/Fixed_cost

    By definition, there are no fixed costs in the long run, because the long run is a sufficient period of time for all short-run fixed inputs to become variable. [ 2 ] [ 3 ] Investments in facilities, equipment, and the basic organization that cannot be significantly reduced in a short period of time are referred to as committed fixed costs.

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    Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!

  9. Rent-seeking - Wikipedia

    en.wikipedia.org/wiki/Rent-seeking

    Rent-seeking is an attempt to obtain economic rent (i.e., the portion of income paid to a factor of production in excess of what is needed to keep it employed in its current use) by manipulating the social or political environment in which economic activities occur, rather than by creating new wealth.