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What Are The Major Deference Between Quasi Rent And Economic Rent?

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    1. Economic rent is the rent earned by the natural resources or free goods. Whereas quasi rent
        is earned by the man made articles.
    2. Economic rent is permanent- exists during short and long periods. Whereas the quasi rent
        is a short run phenomena.   
    3. Economic rent is a part of the price, whereas the quasi rent cannot entire into the cost of   
        production.
    4. Economic rent never go zero whereas the quasi rent can be zero(WHEN PRICE = AVC).
    5. Economic rent is over and above the transfer earnings whereas the quasi rent is over and
        above the total variable cost.
    6.  Economic rent = actual remuneration of a factor - its transfer earnings. Whereas
         quasi rent = short run total revenue - short-run total variable cost.
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    answered 3 months ago

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