Rent-seeking is an economic concept where individuals or businesses seek to gain financial benefits without contributing to productivity. This often occurs when they manipulate the political or regulatory environment to secure advantages, such as subsidies or exclusive rights, rather than competing in the market. For example, a company might lobby the government to impose regulations that limit competition, allowing it to maintain higher prices and profits. This behavior can lead to inefficiencies in the economy, as resources are diverted from productive activities to securing these unearned benefits, ultimately harming overall economic growth.