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Simple English definitions for legal terms

rent-seeking

Read a random definition: allegation

A quick definition of rent-seeking:

Rent-seeking is when someone tries to make more money than what it costs to produce something. This is often seen in the field of law and economics. Rent can also mean the money paid for using or living in a property, like an apartment or house. There are different types of rent, like ground rent, crop rent, and net rent. Rent charge is when someone has the right to receive money every year from the income of a property. Rent service is when someone pays rent and also has to do something, like take care of the property. In simple terms, rent is the money paid for using something that belongs to someone else.

A more thorough explanation:

Definition: Rent-seeking is an economic behavior where individuals or companies try to overproduce goods to earn more profit than the cost of production. This term is commonly used in the field of law and economics.

Examples:

  • A company lobbying the government to pass laws that benefit their business, even if it harms the public interest.
  • A landlord charging a higher rent than the market rate for their property, taking advantage of the high demand for housing in the area.
  • A farmer growing crops that are in high demand, even if it means using more resources than necessary, to earn a higher profit.

These examples illustrate rent-seeking behavior because the individuals or companies are trying to earn more profit than what is fair or reasonable. They are taking advantage of a situation to maximize their own gain, even if it means harming others or the environment.

rent seck | rent service

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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