NOUN | cognition | rent seeking, rent-seeking | (economics) the theory that a person or firm seeks to make money by manipulating the economic environment rather than by making a profit through production or trade |
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Meaning | (economics) the theory that a person or firm seeks to make money by manipulating the economic environment rather than by making a profit through production or trade. | |
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Synonym | rent-seeking | |
Part of | economics, economic science, political economy | The branch of social science that deals with the production and distribution and consumption of goods and services and their management |
Broader | economic theory | (economics) a theory of commercial activities (such as the production and consumption of goods) |
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