Menu
Home
Forums
New posts
Search forums
What's new
New posts
New resources
Latest activity
Resources
Latest reviews
Search resources
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
Latest activity
Register
Menu
Log in
Register
Home
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
seeking
Recent contents
View information
Description
Rent-seeking is the act of growing one's existing wealth by manipulating the social or political environment without creating new wealth.
Rent-seeking activities have negative effects on the rest of society. They result in reduced economic efficiency through misallocation of resources, reduced wealth creation, lost government revenue, heightened income inequality, risk of growing political bribery, and potential national decline.
Successful capture of regulatory agencies (if any) to gain a coercive monopoly can result in advantages for rent-seekers in a market while imposing disadvantages on their uncorrupt competitors. This is one of many possible forms of rent-seeking behavior.
View More On Wikipedia.org
Home
Top