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In 1989, Hurricane Hugo devastated Charleston, South Carolina, leaving residents with no electricity for light or refrigeration, and completely cut off from the outside world by fallen trees and washed-out roads.Consequently, the price of ice rose 1,000 percent and generators 300 percent.Tree removal firms were charging $4,000 to cut up a single tree.Outraged, the city government enacted an emergency law prohibiting price "gouging." This law is an example of
User Charge
A fee paid by the users of a service or facility, directly relating to the extent of their use.
Recreation Center
A facility provided by many communities for leisure, sports, and other recreational activities.
Membership Fees
Charges paid by individuals to belong to an organization, club, or group, granting them access to specific services or privileges.
Shortsightedness Effect
The tendency of decision-makers to prioritize immediate benefits at the expense of long-term values.
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