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The social environment, social context, sociocultural context or milieu refers to the immediate physical and social setting in which people live or in which something happens or develops.
Rent-seeking is the act of growing one's existing wealth by manipulating the social or political environment without creating new wealth. [1] Rent-seeking activities have negative effects on the rest of society.
Indeed, the purpose of an encyclopedia is to collect knowledge disseminated around the globe; to set forth its general system to the men with whom we live, and transmit it to those who will come after us, so that the work of preceding centuries will not become useless to the centuries to come; and so that our offspring, becoming better instructed, will at the same time become more virtuous and ...