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Profiteering

usgb/ˌprɑːfɪˈtɪrɪŋ/Volume
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Crisis ContextPlay
Used when someone gains excessive profit in times of scarcity or emergency, often seen as unethical. SlideSome sellers were guilty of profiteering during the global pandemic by hiking prices of essential supplies.
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Negative ConnotationPlay
The term often has a negative tone, implying greed or taking unfair advantage of situations. SlideThe public outcry over profiteering rules forced the company to lower its prices.
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Regulatory ActionsPlay
Government may intervene to prevent profiteering, establishing regulations or price controls. SlideThe new legislation was aimed at curbing profiteering among essential goods distributors.