Tag: price-gouging
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Price-gouging
WotD: Price-gouging Price-gouging means raising prices on goods or services to an unreasonable level, often during times of crisis. This can happen when a sudden demand for certain products, such as food, water, or medical supplies, occurs due to natural disasters or public health emergencies such as the recent COVID-19 pandemic. Price-gouging is considered unethical…
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At a premium
Phrase: At a premium The phrase at a premium indicates that something is being sold for a higher price than usual or is in high demand. When an item is available at a premium, buyers may need to pay more to acquire it due to its perceived scarcity, popularity or quality. For instance, many products…
