Definitions for "Rent seeking"
The using up of real resources in an effort to secure the rights to economic rents that arise from government policies. In international economics the term usually refers to efforts to obtain quota rents. Term introduced by Krueger 1974.
the name given to behavior that seeks to obtain benefits from favorable government decisions, such as protection from foreign competition
the use of resources simply to transfer wealth from one group to another without increasing production or total wealth