Profiteer Meaning: Definition, Examples, and Translations
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profiteer
[ˌprɒf.ɪˈtɪər ]
Definitions
business
A person who takes advantage of a situation to make a profit, often in a dishonest or unethical way.
Synonyms
exploiter, mercenary, opportunist.
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| profiteer |
This word is typically used to refer to someone who makes unfair profits, especially during times of crisis or scarcity. It carries a negative connotation, implying unethical behavior.
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| opportunist |
An opportunist is someone who takes advantage of opportunities as they arise, often without considering the consequences for others. It has a more neutral connotation and can be used in both positive and negative contexts.
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| exploiter |
An exploiter is someone who takes advantage of others for selfish gain, often in a manipulative or unfair manner. This word is commonly used in social and economic contexts and has a strong negative connotation.
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| mercenary |
This word describes someone who does something purely for personal gain, particularly money, without regard for ethics or loyalty. It is often used in a military context to describe soldiers for hire but can be used more broadly.
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Examples of usage
- He was accused of being a profiteer who exploited the war for personal gain.
- The profiteer manipulated market prices for his own benefit.
economy
To make a profit, especially by taking advantage of a situation.
Synonyms
capitalize, exploit, monetize.
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| profiteer |
Used to describe someone who makes excessive profits, usually in a way that is considered unfair or unethical. Often seen in critical or negative contexts.
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| exploit |
Used when someone is taking unfair advantage of a situation or people, often implying some form of manipulation or harm. Typically has a negative connotation.
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| capitalize |
Often used in business to describe taking advantage of an opportunity or situation to gain a benefit or profit.
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| monetize |
Commonly used in the context of converting something into money or revenue, especially digital or online content.
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Examples of usage
- Some businesses profiteer during times of crisis by raising prices unreasonably.
- The company was accused of profiteering from the pandemic.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Economics
- Profiteering is often highlighted during economic downturns, where essential goods become scarce, allowing some to charge exorbitant prices.
- Governments commonly enact price controls or regulations to curb profiteering during crises to protect consumers.
- Price gouging laws are designed to prevent unethical profiteering during emergencies, such as natural disasters.
Literature
- Many novels and stories critique the actions of profiteers, illustrating moral dilemmas and social consequences.
- Classic literature often portrays profiteers as antagonists, symbolizing greed and selfishness in society.
- Works like 'A Christmas Carol' feature characters that embody profiteering, sparking discussions about ethics and morality.
Pop Culture
- Films and TV shows often depict profiteers as villains, showcasing their exploitation during crises.
- Songs and art sometimes use the concept of profiteering to comment on social injustices and economic disparities.
- The portrayal of characters who profit unfairly has become a staple in narratives that address societal issues.
History
- During World War II, profiteering was rampant as some businesses sold goods at inflated prices, leading to public outrage.
- Historical movements have emerged to combat profiteering, from labor rights activists in the early 20th century to modern consumer protection organizations.
- Wartime economic policies often included measures aimed at limiting profiteering in order to sustain essential supplies.
Origin of 'profiteer'
Main points about word origin
- The word originated in the late 19th century, combining 'profit' with a suffix indicating a person.
- The term originally had a neutral or positive connotation but shifted to a negative meaning during wartime economies.
- In historical contexts, the word referred primarily to those who made excessive profits during crises, like wars or natural disasters.
The term 'profiteer' originated during the early 20th century, particularly during times of war or economic instability. It gained negative connotations due to individuals or businesses exploiting such situations for personal gain at the expense of others. The word reflects a sense of opportunism and greed, often associated with unethical practices in pursuit of financial profit.
See also: nonprofit, profit, profitability, profitable, profitableness, profitably, profiteering, profitize, profits.