What does rent seeking mean?
Definitions for rent seeking
rent seek·ing
This dictionary definitions page includes all the possible meanings, example usage and translations of the word rent seeking.
Princeton's WordNet
rent seeking, rent-seekingnoun
(economics) the theory that a person or firm seeks to make money by manipulating the economic environment rather than by making a profit through production or trade
Wiktionary
rent seekingnoun
The attempt to profit by manipulating the economic or political environment, especially by the use of subsidies.
Wikipedia
rent seeking
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. Attempts at capture of regulatory agencies 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.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of rent seeking in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of rent seeking in Pythagorean Numerology is: 1
Translations for rent seeking
From our Multilingual Translation Dictionary
- کرائے کی تلاشUrdu
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"rent seeking." Definitions.net. STANDS4 LLC, 2024. Web. 4 May 2024. <https://www.definitions.net/definition/rent+seeking>.
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