Profiteering (business)

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Profiteering is a pejorative term for the act of making a profit by methods considered unethical.[1]

Business owners may be accused of profiteering when they raise prices during an emergency (especially a war).[2] The term is also applied to businesses that play on political corruption to obtain government contracts.

Some types of profiteering are illegal, such as price fixing[3] syndicates and other anti-competitive behaviour, for example on fuel subsidies (see British Airways price-fixing allegations), or restricted by industry codes of conduct, such as aggressive marketing of products in the Third World such as baby milk (see Nestlé boycott).

Types of profiteering[edit]

Laws[edit]

See also[edit]

Example cases[edit]

References[edit]

  1. ^ Ray, S.K. Polity And Economy Of The Underworld. PHI Learning Pvt. Ltd. ISBN 978-8120325777. 
  2. ^ Hughes, Solomon (2007). War on Terror, Inc: corporate profiteering from the politics of fear. Verso. ISBN 978-1844671236. 
  3. ^ Neuwirth, Robert (2011). Stealth of Nations: The Global Rise of the Informal Economy. Random House Digital, Inc. ISBN 978-0307906809.