different between profiteering vs racketeering

profiteering

English

Verb

profiteering

  1. present participle of profiteer

Noun

profiteering (usually uncountable, plural profiteerings)

  1. The act of making an unreasonable profit not justified by the corresponding assumption of risk, or by doing so unethically

Translations

See also

  • propheteering

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racketeering

English

Etymology

Coined by the Employers' Association of Chicago in June 1927 in a statement about the influence of organized crime in the Teamsters union.

Noun

racketeering (usually uncountable, plural racketeerings)

  1. The criminal action of being involved in a racket.

Translations

Verb

racketeering

  1. present participle of racketeer

References

racketeering From the web:

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