Definition of Profiteering:
Disproportionately large or grossly unfair profit, generated often through manipulation of prices, abuse of dominant position, or by exploiting a bad or unusual situation such as temporary scarcity. There is usually no governmental control over profiteering unless it involves illegal means.
The practice of making or seeking to make an excessive or unfair profit, especially illegally or in a black market.
Synonyms of Profiteering
Extortion, Racketeering, Exploitation
How to use Profiteering in a sentence?
- You must hope that you are never accused of profiteering or you may get a very bad reputation with your customers.
- When he decided to charge 39% annual interest on his short-term loans, the payday lender was accused of profiteering by many in the community.
- Seven food merchants were charged for profiteering.
- The profiteering engaged in by the businessmen as deemed to be sub optimal for our region so they were not allowed to do anymore business.
Meaning of Profiteering & Profiteering Definition