Rent-seeking behavior refers to activities designed to transfer income or wealth to a particular firm or resource supplier at someone else's or society's expense.

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Rent-seeking behavior involves individuals or firms seeking to gain profits by manipulating the market or influencing government policies in their favor, often at the expense of others or society as a whole. This can include activities such as lobbying, seeking subsidies, or creating regulatory barriers that limit competition.

Rent-Seeking Behavior Refers to Activities Designed to Transfer Income or Wealth