Rent-Seeking
/ˈrɛnt ˌsiːkɪŋ/
Definitions
- (n.) The practice of obtaining economic gain through manipulation or exploitation of the legal or regulatory environment rather than by creating new wealth.
The firm's lobbying efforts were considered rent-seeking because they aimed to secure exclusive market rights without enhancing productivity.
Forms
- rent-seeking
Related terms
See also
Commentary
Rent-seeking often involves efforts to influence legislation or regulation to gain economic advantages, rather than competition based on innovation or efficiency.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.