Role of Rent Seeking in the American Economy

Role of Rent Seeking in the American Economy

Introduction

The role of inequality has been having an adverse effect on the American economy and thus great deals of implications are arising out of it. Inequality in its true sense significantly hampers the growth patterns as well as lead to a lessened efficiency. The lack of opportunity inherent in the case of American economy represents that the individuals residing in the American economy are not being utilized in the most appropriate manner and thus their skills are getting outdated. With the lack of utilization of masses, ...