Rent-seeking behavior relies on government protection to seek wealth transfer. Rent-seeking behavior includes "activities aimed at obtaining profits by introducing government intervention or terminating its intervention".
Describe "rent-seeking" as a waste of resources caused by people seeking wealth transfer under the protection of the government, that is, a person is rent-seeking, which means that the person has invested something, but the invested thing has not actually improved or even reduced productivity.
Extended data:
Only by simplifying administration and decentralizing power can we stimulate the creative vitality of market players and enhance the endogenous power of economic development. Since the establishment of the current government, by the end of May this year, the State Council has announced the cancellation and decentralization of 133 administrative examination and approval items.
"The cancellation and decentralization of administrative examination and approval items is a powerful measure for the government to slim down and keep fit and be honest in politics. The reform of administrative examination and approval has lightened the burden on the government, and it is also a radical measure for rent-seeking behaviors such as "the department runs the department to make money".
Baidu Encyclopedia-Rent-seeking Behavior