Definitions for rent-seeking
rent-seek·ing

Princeton's WordNetRate this definition:0.0 / 0 votes

1. 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

WikipediaRate this definition:0.0 / 0 votes

1. 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.

ChatGPTRate this definition:0.0 / 0 votes

1. rent-seeking

   Rent-seeking is an economic concept that refers to the act of individuals or entities seeking to gain additional wealth without any reciprocal contribution to productivity. This typically involves attempts to manipulate economic conditions or regulations for personal or organizational benefit, such as lobbying for government policies that advantage their own interests, exploiting market power, or manipulating legal or political conditions for financial gain.

WikidataRate this definition:2.0 / 1 vote

1. Rent-seeking

   In public choice theory, rent-seeking is an attempt to obtain economic rent by manipulating the social or political environment in which economic activities occur, rather than by creating new wealth. One example is spending money on political lobbying in order to be given a share of wealth that has already been created. A famous example of rent-seeking is the limiting of access to lucrative occupations, as by medieval guilds or modern state certifications and licensures. People accused of rent seeking typically argue that they are indeed creating new wealth by improving quality controls, guaranteeing that charlatans do not prey on a gullible public, and preventing bubbles. Many current studies of rent-seeking focus on efforts to capture various monopoly privileges stemming from government regulation of a market. The term itself derives, however, from the far older practice of appropriating a portion of production by gaining ownership or control of land.

Matched Categories

1. • Economic Theory

How to pronounce rent-seeking?

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How to say rent-seeking in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of rent-seeking in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of rent-seeking in Pythagorean Numerology is: 1

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=rent-seeking
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Rent-Seeking
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=rent-seeking