Economists often analyse the interaction of individuals and firms in markets.Economists also examine the actions of individuals and firms as they attempt to use government to make themselves better off at the expense of others, a process that is referred to as

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Rent seeking refers to the actions of individuals and firms in using government to make themselves better off at the expense of others. This can involve seeking subsidies, tax breaks, or other forms of special treatment from the government. Analysis of rent seeking is an important part of public choice theory, which examines the interactions of individuals and firms with government. Logrolling refers to the exchange of political favors between legislators, while government failure refers to situations in which government intervention in the economy leads to unintended consequences or inefficiencies. The public choice initiative is not a commonly recognized term in economics.

Economists Often Analyse the Interaction of Individuals and Firms in Markets.Economists