Today’s episode is for Sunday, January 31, 2021. Our Word of the Day is ‘profiteering.’ Profiteering is making excessive profits from people who are in a bad situation and perhaps making their situation even worse. You can read along as you listen by clicking HERE or by copying and pasting this link into your preferred browser: https://www.artisanenglish.jp/debate-and-discussion-online/profiteering/
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Here are some other terms in today’s episode that may have been new for you today:
Laissez-faire: Laissez-faire means unwilling to become involved with or influence other's activities. To take a laissez-faire approach, don't get involved. https://www.artisanenglish.jp/debate-and-discussion-online/word-of-the-day-laissez-faire/
Price-fixing: Price-fixing occurs when sellers get together and agree not to sell a product or good below a specific price. Usually, cartels do this. https://www.artisanenglish.jp/debate-and-discussion-online/price-fixing/
Vice versa: Vice versa is a Latin term commonly used in English. It means that if one thing is true one way, it's also true the opposite way. https://www.artisanenglish.jp/debate-and-discussion-online/vice-versa/
