Profiteering

 ( Business Terms ) 

Profiteering is a pejorative term for the act of making a profit by methods considered ethics.

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Overview Business owners may be accused of profiteering when they price gouging during an emergency (War profiteering).

(2025). 9781844671236, Verso. . ISBN 9781844671236

The term is also applied to businesses that play on political corruption to obtain government contracts.

Some types of profiteering are illegal, such as price fixing

syndicates, for example on fuel subsidies (see ), and other anti-competitive behaviour. Some are restricted by industry codes of conduct, e.g. aggressive marketing of products in the Third World such as baby milk (see Nestlé boycott).

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Types of profiteering

• Price fixing
• Price gouging
• War profiteering

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Laws Profiteering is illegal in several countries, including but not limited to:

• UK: Chapter 1 of the Competition Act 1998
• Germany: § 291 StGB (Criminal Code) – up to 10 years' jail maximum penalty
• Austria: § 154 StGB – up to 5 years' jail maximum penalty

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See also

• Enshittification
• Hoarding (economics)
• Business ethics
• Price gouging
• Product sabotage
• Rent seeking
• Supracompetitive pricing
• Ticket scalping
• Usury

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Example cases

• List of price fixing cases

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