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challenges of corruption.

1) Right to guaranteed delivery of service in MP, Raj


2) RTi
3) Social audit

Ref pg 115; 164 vaji part B


In public choice theory, rent-seeking is an attempt to obtain economic rent,
(i.e., the portion of income paid to a factor of production in excess of that which
is needed to keep it employed in its current use), by manipulating the social or
political environment in which economic activities occur, rather than by creating
new wealth. One example is spending money on political lobbying in order to be
given a share of wealth that has already been created. A famous example of
rent-seeking is the limiting of access to lucrative occupations, as by
medievalguilds or modern state certifications and licensures. People accused of
rent-seeking typically argue that they are indeed creating new wealth (or
preventing the reduction of old wealth) by improving quality controls,
guaranteeing that charlatans do not prey on a gullible public, and
preventing bubbles.

Definition of 'Rent-Seeking'
When a company, organization or individual uses their resources to obtain an economic gain from
others without reciprocating any benefits back to society through wealth creation.

Investopedia explains 'Rent-Seeking'


An example of rent-seeking is when a company lobbies the government for loan subsidies, grants
or tariff protection. These activities don't create any benefit for society, they just redistribute
resources from the taxpayers to the special-interest group.

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