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Sundharesh Sivashanmugam
on Nov 25, 2024

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The pursuit through government of special benefits at society's expense is called "rent seeking."

Rent Seeking

The practice of individuals or entities seeking to gain additional wealth without any contribution to productivity, typically through manipulation or exploitation of the economic environment.

Government

A system or group of people governing an organized community, often a state.

Special Benefits

Advantages or conveniences granted to a particular group or individual, often unique to their circumstances or status.

  • Understand the concept and impacts of rent seeking, logrolling, and special-interest effects in government decision-making.
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Brian McKinleyDec 01, 2024
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