Profiteering
Sir,—Could someone supply a reasonably water-tight definition of the word “profiteering”? I have recently had the opportunity of seeing a price list used by a line of retailers, and find articles retailed at nearly 75 per cent, profit. One would be justified in saying, with the blessing of the Price Tribunal, too. This would appear to be a serious matter, providing on the one hand a lucrative income for one section of our community, while on the other hand depriving a section of wage-earners of the full benefit of man’s inventiveness through pricing the articles out of their reach. —Yours, etc., April 23, 1957.
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https://paperspast.natlib.govt.nz/newspapers/CHP19570426.2.16.2
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Press, Volume XCV, Issue 28261, 26 April 1957, Page 3
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105Profiteering Press, Volume XCV, Issue 28261, 26 April 1957, Page 3
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