Economic duress is simply a business technique
Posted by admin on
May 14, 2008
Economic duress, a fairly new term made in the world of law whereby someone effectively threatens you in a financial way to agree with something you would never have agreed to without their ‘help’.
Economic duress is actually one of the most widely used techniques large businesses have at their disposal, your rising fuel costs, economic duress how? The firms hold back large stocks of the product restricting supply giving a higher price making them more profit. It’s not fair and that’s why we have so many regulatory bodies but still, its just business isn’t it?
On such a large scale you would probably be inclined to shout at the screen I’m wrong and that kind of behaviours wrong and shouldn’t happen, the problem is it does and it will continue, I’m not saying its right I’m just saying that’s it’s a method to bring in profits and what business would refuse a profit boost?
