Price Gouging
/ˈpraɪs ˈɡaʊdʒɪŋ/
Definitions
- (n.) The practice of raising prices on essential goods or services to an unfair or excessively high level, especially during emergencies or shortages.
The government enacted laws to prevent price gouging during natural disasters.
Related terms
See also
Commentary
Price gouging is often regulated under consumer protection laws, with definitions tailored to specific emergencies; drafters should clarify applicable conditions and thresholds for excessiveness.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.