Pricetaking
Pricetaking is a derogatory term used to describe a type of price gouging that occurs when individuals or companies deliberately inflate prices to unrealistic levels, often taking advantage of customers in desperate or emergency situations. This practice is considered unethical and potentially illegal in many jurisdictions.
Pricetaking often involves charging exorbitant prices for essential goods or services during times of crisis or
Some examples of pricetaking include price gouging by retailers during a hurricane or other natural disaster,
Most countries have laws or regulations in place to prevent pricetaking and protect consumers from price gouging.
Pricetaking is widely regarded as a form of exploitation that takes advantage of vulnerable individuals and