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The Economics Behind Lobbying Explained in One Minute: From Meaning/Definition to Examples

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Few things are more controversial than lobbying in the world of economics, politics and so on.

Some people believe lobbying is a perfectly reasonable alternative to corruption, because at least you have a (somewhat) transparent framework when it comes to various entities trying to promote whichever agendas they have in mind.

Other folks, however, believe "lobbying" is a word that needs to be eliminated from the dictionary and that everything about the practice is deeply unethical. Who is right? Or perhaps this is one of those situations where the truth is somewhere in the middle?

Let's find out.

In one minute, lobbying has been explained in a fairly thorough manner. You'll find out what the definition of "lobbying" is (the meaning of the term) and what the concept is all about, through (among other things) carefully-chosen examples.

At the end of the day, you could spend ten hours watching an exhaustive lobbying explanation but... frankly, one minute is more than enough for it to become crystal clear what it's all about and what you need to know about the lobby "phenomenon" :)

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