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Price Gouging And Virtue And How They Are Connected Together

250 Words1 Pages
Sandel explains the relevance of price gouging and virtue and how they are connected together.

Price gouging in simpler terms is defined as the increase in market goods or services after a crisis has occurred. The crisis would be a downfall the society has had, and therefore a significant increase in price occurs because sellers witness this and realize consumers will pay more for essential resources. Virtue is the moral side of a situation and anything being done from the goodness of one's heart. It is the ethical part of a business and really comes down to whether or not you want to exploit the consumers and make much more profits or make the same profits without gouging the price.

The examples given in Sandel’s book, suggest that it’s
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