Connect with knowledgeable individuals and get your questions answered on IDNLearn.com. Our experts provide timely and precise responses to help you understand and solve any issue you face.
Sagot :
It is true that rent-seeking behavior refers to activities designed to transfer income or wealth to a particular firm or resource supplier at someone else's or society's expense.
What is Rent-Seeking?
Rent-seeking is the activity of gaining financial benefits and boosting earnings using deceptive ways while failing to contribute to a productive improvement of the economy. Manipulating governmental policy, such as social service initiatives and publicly sponsored social services, is a part of rent-seeking.
Rent is described in economics as wealth acquired through dubious, frequently deceitful techniques. Utilizing resources in a deceptive manner, businesses and people fail to increase the productivity of the economy in order to get economic advantages.
Rent-seeking occurs when a person or business pushes another organization, such as the government, for grants, subsidies, or tariff protection. In addition to lobbying, rent-seeking can also take the form of money donations. Rent-seeking can occur when a person or business gives money and then deducts it from their taxes.
To know more about rent-seeking, visit:
https://brainly.com/question/24018910
#SPJ4
We appreciate your contributions to this forum. Don't forget to check back for the latest answers. Keep asking, answering, and sharing useful information. IDNLearn.com is your reliable source for answers. We appreciate your visit and look forward to assisting you again soon.
