Is Price Gouging Morally Wrong Essay

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Panta Anjila 12215143 Assignment 6-2 Opinion paper on “Is Price Gouging Morally Wrong “ Price gouging cannot be said morally wrong only by evaluating few situations .All of the vendors involved in the distribution of goods and services at the time of disaster do not intend to maximize their profit. Some of them sell goods in the time of crisis with good intention as well .Therefore, it is not justifiable to judge entire vendors morally wrong .The concept of getting profit is slowly and gradually fading out and people have started to help the victims in the crisis situation .For instance Tim Cole a “private sector liaison” assisted for the recovery of Texas and played very important role in recovery by feeding, hydrating the victimized people …show more content…

Several methods of distributing goods and services like triage, zero price rise and the auction etc. ensures distributive system such that making the goods and services available to the people who need it the most .It is not possible to distribute goods and services equally as the preferences and the basic needs varies from person to person. For instance , through triage method when the medicinal goods are distributed it is provided only to the people who need it the most and it is not available for those who least need it .It goes similar with that of auction and zero price system but varies in slight different way .As in the auction system of distribution the rich people who pay much gets benefited while in the Zero price system the one who comes first gets first such that if poor people come first then they will also be provided with the basic necessities .Therefore, in such a case one cannot say that poor people are not getting benefits in case of price gouging as somehow they are able to meet up with their basic needs directly or indirectly. Although, it is still not justified as equality in distribution, however, it ensures to help them meet up with their basic needs after the disaster

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