Profiteering

usgb/ˌprɑːfɪˈtɪrɪŋ/
noun

Making a lot of money by selling goods or services for much more than they cost to produce, especially during difficult times when other people are struggling.

The government acted to stop profiteering by sending teams to monitor the prices of basic goods in the market.
Visual representation of "profiteering" - Making a lot of money by selling goods or services for much more than they cost to produce, especially during difficult times when other people are struggling.

Often appears as...

  • accused of profiteering
  • profiteering in the industry

Usage tips

Disapproving

Definition 1 of 1
Visual representation of "profiteering"
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Crisis Context

Used when someone gains excessive profit in times of scarcity or emergency, often seen as unethical.

Illustration for Crisis Context
Some sellers were guilty of profiteering during the global pandemic by hiking prices of essential supplies.
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Negative Connotation

The term often has a negative tone, implying greed or taking unfair advantage of situations.

Illustration for Negative Connotation
The public outcry over profiteering rules forced the company to lower its prices.
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Regulatory Actions

Government may intervene to prevent profiteering, establishing regulations or price controls.

Illustration for Regulatory Actions
The new legislation was aimed at curbing profiteering among essential goods distributors.
Visual representation of the word "Profiteering"

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