What is it when businesses raise the price of a needed product or service after a natural disaster?

When businesses raise the price of a needed product or service after a natural disaster, it is referred to as "price gouging." This practice often occurs in times of crisis when demand surges and supply is limited, leading to significant price increases. Many jurisdictions have laws against price gouging to protect consumers from exploitation during emergencies. Such actions can lead to legal repercussions and public backlash against the businesses involved.