The figure given below shows the demand [D and D'] and supply [S and S'] curves of shares of stock.Figure 17.2

-Unproductive actions designed to increase income or wealth are known as:

Question

The figure given below shows the demand [D and D'] and supply [S and S'] curves of shares of stock.Figure 17.2
 
-Unproductive actions designed to increase income or wealth are known as:

Quizplus · Accepted Answer

Unproductive actions designed to increase income or wealth through rent seeking behaviors are known as rent seeking. Examples of rent seeking include lobbying for subsidies or protective regulations, or engaging in corruption to obtain favors or contracts. Transfer payments involve redistributing income from one group to another, incorporation involves forming a legal entity for a business, and profit seeking is a common business goal but does not necessarily involve unproductive actions. Income search is not a commonly used term in economics.

The Figure Given Below Shows the Demand [D and D']