RENT

In a fishery, difference between the total revenues obtained from the fishery resource and the total costs of production , i.e. capital and labour valued at their opportunity costs (see Opportunity costs ). The total costs of production include a reasonable profit and the rent is often considered as a "surplus" profit, over and above what would be considered a "normal" rate of return. For this reason, the decision as to who gets the rent (e.g. the society, the management authority, or the fishermen) remains a key policy issue.