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Simple English definitions for legal terms

rent-seeking

Read a random definition: confrontation clause

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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