What is rent-seeking? Definition and meaning
Rent-Seeking, in economic and public-choice theory, refers to attempting to increase one’s share of current wealth without producing or creating any additional wealth. Rent-seeking is the equivalent of trying to get a larger slice of the wealth cake, without trying to make that cake any bigger. It is a **zero-sum game strategy – the rent-seeker’s … Continue reading What is rent-seeking? Definition and meaning
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