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or rent seeking

[rent-see-king] /ˈrɛntˌsi kɪŋ/
noun, Economics
the act or process of using one’s assets and resources to increase one’s share of existing wealth without creating new wealth.
(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.
Origin of rent-seeking
1970-75; (economic) rent + seeking
Related forms
rent-seeker, noun Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Historical Examples
  • Bastiat was also wise enough to anticipate what modern economists call "rent seeking" and "rent avoidance" behavior.

    The Law Frdric Bastiat

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