Attempts to influence the law for your own private economic advantage is called

Question

Quizplus · Accepted Answer

Rent seeking is the process of seeking to increase one's share of existing wealth without creating new wealth. This often involves efforts to influence the government or other public entities to enact laws or policies that benefit one's own economic interests at the expense of others, without contributing to any productive activity or economic growth.

Attempts to Influence the Law for Your Own Private Economic