Last Updated：2025/12/30
Sentence
In
many
market-oriented
economies,
government
restrictions
upon
economic
activity
are
pervasive
facts
of
life.
These
restrictions
give
rise
to
rents
of
a
variety
of
forms,
and
people
often
compete
for
the
rents.
Sometimes,
such
competition
is
perfectly
legal.
In
other
instances,
rent
seeking
takes
other
forms,
such
as
bribery,
corruption,
smuggling,
and
black
markets.
Quizzes for review
In many market-oriented economies, government restrictions upon economic activity are pervasive facts of life. These restrictions give rise to rents of a variety of forms, and people often compete for the rents. Sometimes, such competition is perfectly legal. In other instances, rent seeking takes other forms, such as bribery, corruption, smuggling, and black markets.
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