Comment on Isn't Greedflatiin just inflation with different people profitting?

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sheeeep@lemmy.world ⁨1⁩ ⁨year⁩ ago

Price gouging is rising the price of a product above market price.

But what is the market price? If people are willing to pay for it then its the market price. So its adjusting the price to the current demand. There are times where this is unethical for example profiting from wars and disasters, but generally this is how things go.

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