Title: What is rent? Definition and some examples - Market Business News
Headings: What is rent? Definition and meaning
What is rent? Definition and meaning
Economic rent – another example
What is land?
Two farmers
What is rent-seeking
Closed-shop systems
The wealth pie does not grow
Government corruption and rent-seeking
Video – What is economic rent?

Content: Lack of competition and rent-seeking behaviors, however, keep prices high. Government corruption and rent-seeking
Corruption among politicians and civil servants is also within the concept of rent-seeking. Bribe-seeking bureaucrats are guilty of rent-seeking. They are getting richer without creating any additional wealth. Regulatory Capture refers to a regulatory agency that was initially set up to police an industry and protect the consumer but ends up working for the industry to the detriment of the consumer. Regulatory capture is a bit like setting up a group to protect the sheep from the wolves, and eventually recruiting wolves into the group, and placing the rights of wolves above those of the sheep. We see it as enabling extensive rent-seeking behavior. It is uncommon to use ‘to hire’ for things that cannot be transported, such as a house, apartment or land. ‘ To rent’ is commonly used for both transportable and non-transportable goods. Video – What is economic rent?