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Question

If a shop owner keeps his shop open during a hurricane, at personal risk, and sells bottled water at a higher price compensate for his risk-taking, he can be called as ___________.


A
Profiteer
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B
Business man
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C
Seller
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D
Producer
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Solution

The correct option is A Profiteer

  • If a shop owner keeps his shop open during a hurricane, at personal risk, and sells bottled water at a higher price compensate for his risk-taking, he can be called as a profiteer.
  • A profiteer is someone who makes an unreasonable profit especially during times of emergency like cyclones, floods etc. it is considered unethical.


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