Tag: price-fixing
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In bed together
Idiom: Be in bed together First of all, this is a family-friendly website. There is no gutter talk here. To be in bed together means to be working or involved with an organization or person in a way that causes distrust among other people. It has nothing to do with beds or whatever you were…
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Profiteering
WotD: Profiteering The base of today’s word, profiteer, can be used as a noun or a verb. As a noun, it refers to a person who takes advantage of a situation in which people are suffering to raise prices excessively on necessary goods and make an unfair profit. Don’t get me wrong, earning a profit…
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Line your pockets
Idiom: Line your pockets We can be assured no two things go hand in hand as firmly as corruption and lining your pockets. When people line their pockets, they are dishonestly making money by doing something illegal or allowing something illegal to happen. This may create images of brown paper bags stuffed with cash being…
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Price-fixing
WotD: Price-fixing Competition is the bedrock of a free market and is good for the customer. It allows consumers to find the best price. Price-fixing, on the other hand, is the enemy of the free market because it eliminates competition and deprives the consumer of choice. Unfortunately, price-fixing has always existed. Price-fixing occurs when sellers…
