Price gouging is loosely defined as charging a price that is higher than normal or fair, usually in times of natural disaster or other crisis. More specifically, price gouging can be thought of as increases in price due to temporary increases in demand rather than increases in suppliers' costs i. Price gouging is typically thought of as immoral, and, as such, price gouging is explicitly illegal in many jurisdictions. It's important to understand, however, that this concept of price gouging results from what is generally considered to be an efficient market outcome. Let's see why this is, and also why price gouging might be problematic nonetheless.
As flooding in Alberta continues to wreak havoc on people's lives, property and well-being, the media's initial dramatic disaster coverage has started to move on to more human interest type stories. Thankfully it's been mostly good news: survival stories, loved ones reunited, and cats swimming to safety. It is disappointing, however, to hear the condemnations of "isolated incidents" of "looting and price gouging. It's obviously troubling that a small number would use the disaster as an excuse to loot; to violently steal another person's possessions, cause damage and inflict even greater misery on an already suffering community. But is price gouging really at all comparable to looting? I'm disappointed not that price gouging is occurring, but that it's only been isolated.
In: Business and Management. Look at Price Gouging Zwolinski brings into question a very interesting view to the moral status of price gouging and how it should not be illegal. He uses a mix of several examples to express this idea, but shows us how there is no ultimately right answer to this complicated issue. Although Zwolinski brings into question many issues like exploitation and supply and demand there are three main points that he uses to defend his stance on the issue.
They are many causes of obesity, such as hypertension and diabetes; which, has also added an increased in health care jobs in America. Obesity is also link to heart disease, stroke, cancer, gallbladder disease, respiratory problems, and disorders of the musculoskeletal system. According to U.