Understanding Ethical Considerations of Dynamic Pricing

Dynamic pricing adjusts prices based on supply and demand. It's common but raises ethical questions.

Key Ethical Concerns:

• Potential for exploitation: charging higher prices during shortages.
• Inequality: not everyone can afford fluctuating prices.
• Lack of transparency: customers may not know why prices change.

Pro Tip:

Support companies that disclose their pricing strategies. Transparency helps build trust and fairness in the market.