answersLogoWhite

0

profiteering

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

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 factors influence the short run aggregate supply curve?

Factors that influence the short run aggregate supply curve include changes in input prices, technology, government regulations, and expectations of future prices. These factors can impact the cost of production and the ability of firms to supply goods and services in the short term.


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.