Question
The term ‘Rent seeking’ refers to which of the following?
Answer: Option C
Answer: (c)
Rent-seeking means engaging in or involving in the manipulation of public policy or economic conditions as a strategy for increasing profits.
For example, lobbying for government contracts by changing the terms and conditions of the bidding contract.
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Answer: (c)
Rent-seeking means engaging in or involving in the manipulation of public policy or economic conditions as a strategy for increasing profits.
For example, lobbying for government contracts by changing the terms and conditions of the bidding contract.
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