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A zero-sum game is an activity that produces no value but is concerned with gaining a bigger piece of existing value. It is often described as cutting a pie as opposed to baking new pies.Zero-sum games may have value as a form of entertainment. However, in the context of economics, zero-sum games are described in terms such as rent seeking and speculation that are considered counterproductive. |
Area | | Definition | An activity that produces no value but seeks to profit by gaining a bigger share of existing value. | Examples | Real estate or stock market speculation.
GamblingEmployees who exclusively focus on winning internal political battles over producing something of value.Firms who seek subsidies and preferential treatment from a government. | Related Concepts | |
Economics
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