THE current skyrocketing prices for vegetables, poultry, eggs and other food items could well exemplify the phenomenon of price gouging.
Price gouging simply means the raising or hiking of prices that are excessive or exorbitant set against the backdrop of demand-side (escalation) or supply-side (contraction) shock – beyond what's reasonable, common or fair, especially for the ordinary consumer.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
