rent seeking (Meaning)
rent seeking (n)
(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
(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
Synonyms & Antonyms of rent seeking
No Synonyms and anytonyms found
rent seeking Sentence Examples
- Rent-seeking behavior involves exploiting market or regulatory loopholes to generate profits without contributing to productive output.
- Lobbying for protectionist policies that create barriers to entry for competitors is a form of rent-seeking.
- Seeking patents or copyrights to monopolize a market and charge inflated prices constitutes rent-seeking.
- Companies that engage in excessive advertising to create brand loyalty often engage in rent-seeking practices.
- The pursuit of governmental subsidies or tax breaks can be a form of rent-seeking, as it provides preferential treatment and distorts market outcomes.
- Some industries, such as regulated utilities or financial services, are prone to rent-seeking activities due to high barriers to entry and protected markets.
- Rent-seeking behavior can lead to reduced competition, higher prices, and stagnation of innovation.
- Policymakers should aim to minimize rent-seeking practices by promoting open markets, enforcing antitrust laws, and reducing regulatory barriers.
- Addressing rent-seeking behavior requires a balanced approach that fosters competition while providing reasonable protection for legitimate business interests.
- The concept of rent-seeking highlights the importance of creating a fair and competitive business environment that rewards productivity and innovation.
FAQs About the word rent seeking
(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 t
No synonyms found.
No antonyms found.
Rent-seeking behavior involves exploiting market or regulatory loopholes to generate profits without contributing to productive output.
Lobbying for protectionist policies that create barriers to entry for competitors is a form of rent-seeking.
Seeking patents or copyrights to monopolize a market and charge inflated prices constitutes rent-seeking.
Companies that engage in excessive advertising to create brand loyalty often engage in rent-seeking practices.
