rent seeking

rent-seeking

[rent-see-king]
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:
1970–75; (economic) rent + seeking

rent-seeker, noun
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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