Profiteering

Business, Legal & Accounting Glossary

Definition: Profiteering


Profiteering

Quick Summary of Profiteering


Make or seek to make an excessive or unfair profit, especially illegally or in a black market.




What is the dictionary definition of Profiteering?

Dictionary Definition


The act of making an unreasonable profit not justified by the corresponding assumption of risk, or by doing so unethically


Full Definition of Profiteering


Disproportionately large or grossly unfair profit, generated often through manipulation of prices, abuse of dominant position, or by exploiting a bad or unusual situation such as temporary scarcity. There is usually no governmental control over profiteering unless it involves illegal means.


Synonyms For Profiteering


increases in prices, speculation, speculations, profiteer, make profit


Cite Term


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Page URL
https://payrollheaven.com/define/profiteering/
Modern Language Association (MLA):
Profiteering. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
May 18, 2024 https://payrollheaven.com/define/profiteering/.
Chicago Manual of Style (CMS):
Profiteering. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/profiteering/ (accessed: May 18, 2024).
American Psychological Association (APA):
Profiteering. PayrollHeaven.com. Retrieved May 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/profiteering/

Definition Sources


Definitions for Profiteering are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th February, 2020 | 0 Views.