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LSDefine

Simple English definitions for legal terms

rent-seeking

Read a random definition: financials

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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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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