Answer
Rent seeking describes the manner in which people try to influence policy so that they can economically benefit. For instance, companies will often hire lobbyists to try to convince people in congress to make laws that will make making money easier for them.
Work Step by Step
Rent seeking describes the manner in which people try to influence policy so that they can economically benefit. For instance, companies will often hire lobbyists to try to convince people in congress to make laws that will make making money easier for them.
