Title: Rent Seeking Definition
Headings: Rent Seeking
Rent Seeking
What Is Rent Seeking?
Key Takeaways
Understanding Rent Seeking
Rent Seeking Factors and Examples
Business Rent Seekers
Individual Rent Seekers
Licensing Requirements
Issues Arising from Rent Seeking

Content: Also, since limits to competition can be a driver for prices, consumers may be required to pay more. Issues Arising from Rent Seeking
Rent seeking can disrupt market efficiencies and create pricing disadvantages for market participants. It has been known to cause limited competition and high barriers to entry. Those that benefit from successful rent seeking obtain added economic rents without any added obligations. This can potentially create unfair advantages, specifically providing wealth to certain businesses that leads to greater market share at the detriment of competitors. Lastly, rent seeking wealth is typically a function of taxpayer funding. These tax revenues are used to provide economic wealth for rent seekers but may or may not improve the economic climate or produce any benefits for taxpayers-at-large. This can lead to disparaging funds that lack regeneration and require higher taxes in the future.