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This article is orphaned as few or no other articles link to it. Please help introduce links in articles on related topics. (November 2006) |
Profiteering is a pejorative term for the act of making a profit by methods considered unethical. Business owners may be accused of profiteering when they raise prices during an emergency (especially a war). The term is also applied to businesses that play on political corruption to obtain government contracts. Some types of profiteering are illegal, such as price fixing syndicates and other anti-competitive behaviour, for example on fuel subsidies (see British Airways price-fixing allegations), or restricted by industry codes of conduct such as aggressive marketing of products in the third world such as baby milk (see Nestlé boycott).
See also
- Business ethics
- War profiteering
- Price gouging
- McDojo - Profiteering in the Martial arts
