RE: All LEO Holders Must Read This

avatar

You are viewing a single comment's thread:

[Rent seekers get booted]
What is a rent seeker and do you boot them?



0
0
0.000
2 comments
avatar

Rent seekers are basically people who don’t contribute to the good of any society or organization. Broad definition could be googled

Very common for social groups to pay less attention to rent seekers and instead favor attention and promotion within the group to people who don’t rent seek

Simple yet powerful concept

0
0
0.000
avatar

In economics, "rent" isn't a usage fee like paying someone for temporary access to shelter, a car, or the like. It revers to seeking profits by imposing burdens instead of providing benefits, especially through some investment of resources. For example, think of a city changing the speed limit on a road and dedicating a cop to fining speeders. There is no real crime being prevented, but the city has expended resources in changing signs and paying for a patrol to generate revenue from unwilling people.

0
0
0.000