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Why Is It That Price Gouging Laws (Laws Intended to Place

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Essay

Why is it that price gouging laws (laws intended to place a temporary limit on the price that can be charged in a time of emergency) do not help those who are affected by the emergency which triggered the law?


Definitions:

Enlightened Corporate Self-Interest

A business philosophy suggesting that companies can achieve better long-term performance by acting in a socially responsible manner.

Goodwill

The expected continuance of public patronage of a business.

Ethical System

A set of principles or guidelines designed to direct individual or collective behavior towards moral and ethical decision-making.

Motor Oil

A lubricant used in internal combustion engines to reduce wear and clean the engine from sludge and varnish.

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