>by manipulating the social or political environment in which economic activities occur, rather than by creating new wealth.
Otherwise simply raising the price on something would be rent seeking.
Raising the price of something certainly can be considered rent seeking.
For example: https://pnhp.org/news/rent-seeking-by-drug-barons/
>by manipulating the social or political environment in which economic activities occur, rather than by creating new wealth.
Otherwise simply raising the price on something would be rent seeking.