mangayiv mangayiv

12-06-2021
Business

contestada

why is rent seeking bad for the economy?

Respuesta :

anaihernandez2023 anaihernandez2023

12-06-2021

Answer:

Explanation:

Rent seeking harms economic growth by reducing competition and innovation. It leads to the wasteful use of valuable resources and talents in unproductive activities and invariably redistributes resources from large unorganised populations to small organised groups.

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