Question

"profit is good but profiteering is bad" explain​

Answer 1

Answer:

Profiteering is defined as an activity that helps to generate an unreasonable amount of profit through sales of essential products during times of emergency.

The profit that is earned is obviously of huge proportions and is generated through unfair means, manipulation of prices, exploiting situations that have transformed from bad to worse, abuse of power and temporary scarcity of merchandise.

Several business houses have been accused of profiteering from circumstances that are beyond our control. Remember, profiteering is not limited to a single state or country but can be seen in most parts of the world because of human greed and his desire to make profits at all costs.