The dancers try to entice the “big spender”. This song is a good introduction to a lesson on rent seeking. The “big spender” could provide a big payoff – and what economists call “economic rents”. This encourages rent-seeking behavior, which is when agents exert time and effort not to build better products or services, but to win a prize. This can be thought of as both a market failure and a government failure.

Link to Lyrics for “Hey Big Spender”