4 ms·
that's the literal definition of rent seeking. https://en.wikipedia.org/wiki/Rent-seeking https://en.wikipedia.org/wiki/Rent-seeking
by luckydata 8y ago
that's the literal definition of rent seeking.
https://en.wikipedia.org/wiki/Rent-seeking https://en.wikipedia.org/wiki/Rent-seeking
- formercoder 8y agoOh interesting that wasn’t a term I was actually familiar with. I thought we were just discussing the idea of purchasing property and renting it out.
- luckydata 8y agowell, that's also rent seeking. Some concepts in economics are not as straightforward as you would first think especially if not familiar with macro / micro concepts.