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Rent-seeking is an attempt to obtain economic rent (i.e., the portion of income paid to a factor of production in excess of what 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.
In the 1990s, several conglomerates that "relied on cross-selling, thus reaping economies of scope by using the same people and systems to market many different products"—i.e., "selling the financial products of the one by using the sales teams of the other"—which was the logic behind the 1998 merger of Travelers Group and Citicorp.
United Rentals, Inc. is an American equipment rental company, with about 16 percent of the North American market share as of 2022. [4] It owns the largest rental fleet in the world with approximately 4,700 classes of equipment totaling about $19.3 billion in original equipment cost (OEC) as of 2022. [5]
This model is also used in the residential space, but mostly for small units in high-demand locations. Here, the company signs a rental agreement with the owner and pays them a fixed rent. As per the agreement, the company is given the right to sublet the property for a higher rent. The company's income is the difference between the two rents.
(Reuters) -Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles, including Teslas, from its U.S. fleet due to higher expenses related to collision and ...
Company Office Resort locations Number of resorts Number of rooms Number of owners Karma Group: Singapore: India, Indonesia, Greece, France, Germany, Thailand ...
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Market forces in the development of cities relate to how the location decision of firms and households causes the development of cities. The nature and behavior of markets depend somewhat on their locations therefore market performance partly depends on geography.(McCann 2001:1). If a firm locates in a geographically isolated region, its market ...