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Spending time and money not on the production of real goods and services, but rather on trying to get the government to change the rules so as to make one's business more profitable. This can take various forms, including seeking subsidies on the outputs or the inputs of a business, or persuading the government to change the rules so as to keep out competitors, tolerate or promote collusion between those already engaged in an activity, or make legally compulsory the use of professional services.

Subjects: Economics.

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