difference between BLACK MARKETING , HOARDING & PROFITEERING
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BLACK MARKETING- A black market is economic activity that takes place outside government-sanctioned channels. Black market transactions usually occur “under the table” to let participants avoid government price controls or taxes.
HOARDING- Hoarding is a disorder that by various estimates affects somewhere between 2% and 5% of the U.S. population, a number hard to pin down as it occurs so privately. It is characterized by excessively collecting objects - or animals - and by a marked and often overwhelming anxiety over organizing or discarding items.
Hoarders are usually smart, inquisitive people who nevertheless have difficulty letting go of items that are no longer useful, even when surrounded by unsafe levels of clutter and disorganization.
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.
HOARDING- Hoarding is a disorder that by various estimates affects somewhere between 2% and 5% of the U.S. population, a number hard to pin down as it occurs so privately. It is characterized by excessively collecting objects - or animals - and by a marked and often overwhelming anxiety over organizing or discarding items.
Hoarders are usually smart, inquisitive people who nevertheless have difficulty letting go of items that are no longer useful, even when surrounded by unsafe levels of clutter and disorganization.
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.
admirer:
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Black marketing, hoarding, and profiteering:
• Black marketing is the illegitimate trade of goods and services with the purpose to evade the lawful necessities of such trade.
• Profiteering is a judgmental term for the act of making a profit by methods measured unethical. Profiteering is not officially illegal unless it involves committing a crime.
• Hoarding is the purchase of large amounts of a commodity by an investor with the intent of profiting from future price increases.
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