Glossary entry

English term or phrase:

DUP activities

Croatian translation:

DUP aktivnosti

Added to glossary by Karen Ordanic
Jan 18, 2005 17:59
19 yrs ago
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English term

DUP activities

English to Croatian Bus/Financial Economics
...the proportion of the quota rent lost in DUP activities
Proposed translations (Croatian)
5 DUP aktivnosti

Proposed translations

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DUP aktivnosti

DUP activities = Directly unproductive, profit-seeking activities
Activities that have no direct productive purpose (neither increasing consumer utility nor contributing to production of a good or service that would increase utility) and are motivated by the desire to make profit, typically from market distortions created by government policies. Examples are rent seeking and revenue seeking. Term coined by Bhagwati (1982).
Rent seeking: The using up of real resources in an effort to secure
the rights to economic rents that arise from government policies. In international economics the term usually refers to efforts to obtain quota rents. Term introduced by Krueger 1974.

The Web reference is Slovenian, but I remember seeing it in Croatian, too.
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4 KudoZ points awarded for this answer. Comment: "thanks Karen :)"
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