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7 Essential Words of Fall

rent-seeking

[rent-see-king] /ˈrɛntˌsi kɪŋ/
noun, Economics
1.
the act or process of using one’s assets and resources to increase one’s share of existing wealth without creating new wealth.
2.
(specifically) the act or process of exploiting the political process or manipulating the economic environment to increase one’s revenue or profits:
Rent-seeking by lobbyists succeeded in obtaining favorable tariff treatment for the company’s exports.
Also, rent seeking.
Origin
1970-1975
1970-75; (economic) rent + seeking
Related forms
rent-seeker, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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