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profiteering
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∙ 9y ago
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What is it called when you make profit off of goods that are in short supply?
In modern times, virtually nothing has been in short supply, but during World War II and for a few years afterwards, lots of goods were rationed and in short supply. People who were involved in the illegal supply of these goods were known as 'spivs' and the trade was known as the 'black market' and they were 'profiteering'.
What was the system of rationing designed to limit?
Rationing was designed to limit the use of goods in short supply so everyone could get a fair share of them. These goods included butter, sugar, meats, gasoline, and nylon stockings.
What did the Girl Scouts hand out in World War 2 when they ran out of cookies?
Cookies were in short supply for several reasons: 1. rationing limited the supply of cookie materials such as sugar. 2. many factories/bakeries stopped domestic production and turned their factories into war plants, making materials and supplies for the soldiers. 3. transportation of goods was limited because trains, etc were reserved for the military and military supply. so, the girl scouts sold calendars!
Were the five year plans the best way to move soviet economy forward?
Yes it was because soviet citizens found their personal freedoms limited, consumer goods in short supply, and dissent prohibited.
What supply was japan short on during World War 2?
Oil
What is it called in Great Britain when making profits off of goods that are in short supply?
This is something that happened during World War II and was known as the Black Market.
What is it called when you make profit off of goods that are in short supply?
In modern times, virtually nothing has been in short supply, but during World War II and for a few years afterwards, lots of goods were rationed and in short supply. People who were involved in the illegal supply of these goods were known as 'spivs' and the trade was known as the 'black market' and they were 'profiteering'.
What is the term for selling goods in short supply at inflated prices?
Gouging .
Why is the short run supply curve positively sloped?
The short run supply curve is positively sloped because it has positive outputs.The profits are high and maximised.Short run decision for a firm is the quickiest and the most risky way to maximise profits in the short period of time.In the short run decision profits are usually reached which means that the firm didn't loose so the curve must be positively sloped as the firm is not in minus. hope I helped.....
How oligopoly originate?
Generally, collusion occurs when participating firms can increase their short-run economic profits by controlling supply, acting like a monopoly.
Why did the people in World War 2 have to register to buy things?
It was the rationing method for allotment of goods so that all could obtain a share of goods that were in short supply.
What was the major factor causing the economic hardships in Texas in the 1860s?
With blockade, it stopped the normal flow of trade, goods, and items were short in supply.
What are the objective of the short term for Burger King?
The short term objective is to offer high quality services and products to locals in given regions. It also aims at making profits and becoming a reputable brand.
What made it possible for southern planters to boost their profits after 1793?
The invention of the cotton-gin, making it easier to separate the seeds from the lint in short-staple cotton.
What was the system of rationing designed to limit?
Rationing was designed to limit the use of goods in short supply so everyone could get a fair share of them. These goods included butter, sugar, meats, gasoline, and nylon stockings.
What is short notice?
SHORT TENDER NOTICE MEANS A TENDER NOTICE FOR SUPPLY OF GOODS WITH LESS DURATION, SAY 10 DAYS. NORMAL TENDER NOTICE DURATION IS 21 DAYS, BUT IN CASE OF URGENCY THEY GIVE SHORT TENDER NOTICE.
Why were many goods unavailable in the US during World War 2?
Some goods, like butter for instance, were unavailable or in short supply because of war rationing. Priority for these goods was given to the armed forces, so the civilian population had to forgo them until after the war.
