Its called “Profiteering”
I got another word for it, but yours is better for polite company. :-)
The word you’re looking for is “capitalism”.
It's call the free market. The price is a signal, it signals the buyer to moderate their demand and it signals the manufacturers to expand their production. What usually happens is that the demand falls off and the production ramps up, so the price will fall, maybe even lower than the starting point. It happens with gasoline all the time. It all evens out. Of course, if there is a disrupting event...
It's call the free market. The price is a signal, it signals the buyer to moderate their demand and it signals the manufacturers to expand their production. What usually happens is that the demand falls off and the production ramps up, so the price will fall, maybe even lower than the starting point. It happens with gasoline all the time. It all evens out. Of course, if there is a disrupting event...
Its called “Profiteering”