RENT-SEEKING | MICROECONOMICS | LEARN OIKONOMIA
3This video discusses RENT-SEEKING ,we'll be discussing microeconomics
Microeconomics is the study of how individuals and businesses make choices that affect their economic well-being, and oikonomia is the study of how individuals and businesses use resources to satisfy their needs and wants. In this video, we'll be discussing these concepts in depth, and we hope you find it helpful!
Rent seeking is an economic concept that occurs when an entity seeks to gain wealth without any reciprocal contribution of productivity. An example of rent seeking is when a company lobbies the government for grants, subsidies, or tariff protection.
#rentseeking #economics #microeconomics #learnoikonomia #lobbying
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