Price gouging
id:
price-gouging-181-11699546
title:
Price gouging
text:
Price gouging is a pejorative term used to refer to the practice of increasing the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair by some. This commonly applies to price increases of basic necessities after natural disasters. Usually, this event occurs after a demand or supply shock. The term can also be used to refer to profits obtained by practices inconsistent with a competitive free market, or to windfall profits. In some jurisdictions
brand slug:
wiki
category slug:
encyclopedia
description:
Raising of prices to an unreasonably high level after a demand or supply shock
original url:
https://en.wikipedia.org/wiki/Price_gouging
date created:
2004-08-05T05:41:10Z
date modified:
2024-09-05T21:09:55Z
main entity:
{"identifier":"Q1253693","url":"https://www.wikidata.org/entity/Q1253693"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/9/97/Cartoon_warning_World%27s_Fair_attendees_of_price-gouging.jpg","width":641,"height":1026}
fields total:
13
integrity:
16