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Charging high prices for hoarded goods is referred to as "price gouging." This practice typically occurs during emergencies or shortages, where sellers take advantage of increased demand for essential items. Price gouging is often considered unethical and is illegal in many jurisdictions, as it exploits consumers in vulnerable situations.
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What is a charging higher prices for hoarded goods called?
profiteering
What dies charging high prices for hoarded goods called?
Rise and Demand
What was charging high prices for hoarded goods?
A "Profiteering"
What word can be used for charging high prices for hoarded goods?
The word you're looking for is "gouging." Price gouging refers to the practice of charging excessively high prices for goods, especially during emergencies or shortages, often taking advantage of consumers' urgent needs. This unethical practice is typically condemned and can be subject to legal penalties in many jurisdictions.
What is it called when Businesses are raising prices on goods that are scarce?
Price Gouging
What is a charging higher prices for hoarded goods called?
profiteering
What dies charging high prices for hoarded goods called?
Rise and Demand
What was charging high prices for hoarded goods?
A "Profiteering"
What word can be used for charging high prices for hoarded goods?
The word you're looking for is "gouging." Price gouging refers to the practice of charging excessively high prices for goods, especially during emergencies or shortages, often taking advantage of consumers' urgent needs. This unethical practice is typically condemned and can be subject to legal penalties in many jurisdictions.
What is it called when Businesses are raising prices on goods that are scarce?
Price Gouging
An increase in consumer goods prices over time is called:?
inflation
What is a list of prices of goods or books?
what is a list of prices of goods and books
When prices and the quantity of goods produced are controlled by the government as in Cuba what is it called?
command economy
What is it called when the prices of goods go up faster than the value of money?
inflation
The function of money that enables prices of goods and services to be quoted is called?
Unit of Account
What is Dividing up scarce goods and services without concern for prices called?
free market
What did the populist party called for to help raise prices for farm goods?
the usage of free silver
