Rent-seeking
id:
rent-seeking-178-13173591
title:
Rent-seeking
text:
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, stifled competition, reduced wealth creation, lost government revenue, heightened income inequality, risk of growing corruption and cronyism, decreased public trust in institutions, and potential national decline.
brand slug:
wiki
category slug:
encyclopedia
description:
Growing one's existing wealth without creating new wealth
original url:
https://en.wikipedia.org/wiki/Rent-seeking
date created:
2003-09-26T12:41:24Z
date modified:
2024-09-04T18:23:54Z
main entity:
{"identifier":"Q1428800","url":"https://www.wikidata.org/entity/Q1428800"}
image:
fields total:
13
integrity:
15