The word "急功近利" is formed by combining two two-character phrases: "急功", meaning "eager for achievement", from 急 (urgent) and 功 (achievement), and "近利", meaning "seeking immediate benefit", from 近 (near) and 利 (profit). These phrases are joined in a parallel structure to create a compound idiom that literally expresses "hasty for achievement and near to profit", conveying the idea of pursuing quick success and instant gain.