Rent seeking is an economic concept that occurs when an organization seeks to acquire wealth without any counter contribution to productivity.
The term “rent” in rent seeking is based on the economic definition of “rent”, which is defined as economic wealth obtained through the skillful or potentially manipulative use of resources.
An example of rent seeking is when a company lobbies the government for grants, subsidies, or tariff protection.
The pursuit of rent manifests itself in many forms of lobbying or donating funds.
For example, if you donate money but charge it off as taxes, this could be seen as a form of rent seeking.