Definition, Meaning & Synonyms
greedflation
noun
ˈɡriːdˌfleɪʃən
Definition
Greedflation refers to an increase in prices driven by the excessive greed of corporations seeking higher profits rather than by genuine economic factors such as supply and demand.
Examples
- During the economic crisis, many blamed greedflation for the skyrocketing prices of basic goods.
- Experts warn that greedflation could lead to long-term economic instability if left unchecked.
Meaning
It encompasses the idea that businesses exploit inflationary conditions to raise prices beyond what is justified, often under the guise of increasing costs.
Synonyms
- price gouging
- corporate greed
- inflation exploitation
