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rent-seeking
or rent seek·ing
[ rent-see-king ]
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.
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Other Words From
- rent-seeker noun
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Word History and Origins
Origin of rent-seeking1
First recorded in 1970–75; (economic) rent + seeking
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Example Sentences
Our regulatory structures too often encourage deindustrialization and rent-seeking.
From The Daily Beast
Bastiat was also wise enough to anticipate what modern economists call "rent seeking" and "rent avoidance" behavior.
From Project Gutenberg
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