Used when someone gains excessive profit in times of scarcity or emergency, often seen as unethical. 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. 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. The new legislation was aimed at curbing profiteering among essential goods distributors.