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alexandr1967 [171]
3 years ago
14

What is rent seeking in economics​

Business
1 answer:
Nataly_w [17]3 years ago
4 0

Answer:

Rent-seeking is the effort to increase one's share of existing wealth without creating new wealth. Rent-seeking results in reduced economic efficiency through misallocation of resources, reduced wealth-creation, lost government revenue, heightened income inequality, and potential natoinal decline

Explanation:

Rent-seeking is the effort to increase one's share of existing wealth without creating new wealth. Rent-seeking results in reduced economic efficiency through misallocation of resources, reduced wealth-creation, lost government revenue, heightened income inequality, and potential national decline

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Explain how the political systems of countries differ. Explain how the economic systems of countries differ. Explain how the leg
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<h2>Every country operate in a different yet similar system of both political and social affairs.</h2>

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Regardless of how each country operate politically, most of the operational system of these countries are embedded in democracy and the general welfare of its citizens. The differences occur because of these operational systems of each country. They could differ in policies, reforms or laws which are based on the interests of its people and the nation.

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Your latest shipment of chicken has some items with usda stickers and some items with usda grade stamps. what is the difference
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