Definition, Meaning & Synonyms
greedflation
noun
ˈɡriːdˌfleɪʃən
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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.
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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.
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Meaning
It encompasses the idea that businesses exploit inflationary conditions to raise prices beyond what is justified, often under the guise of increasing costs.
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Synonyms
- price gouging
- corporate greed
- inflation exploitation