It is not illegal to buy low and sell high.
Buying at a low price and selling at a high price are common phenomena in the market economy and comply with the basic rules of market transactions. This behavior does not constitute a crime in itself. Only when this kind of transaction seriously disrupts the market order and violates the provisions of the law on illegal business can it constitute the crime of illegal business. The criteria for identifying illegal business crimes include:
1. Operating without permission;
2. The business scope exceeds the license requirements;
3. Selling counterfeit goods Counterfeit goods.
If the transaction behavior is legal and does not involve illegal activities such as fraud, price gouging, or selling prohibited items, then buying at a low price and then selling at a high price will not violate the law.
The economic principle of buying low and selling high:
1. In a market economy, the price of goods or services is usually determined by supply and demand; when supply exceeds demand, the price of goods Commodity prices tend to fall, while commodity prices tend to rise when supply exceeds demand.
2. After buying goods at a low price, if the market demand increases or the supply decreases, the seller can sell the goods at a higher price and obtain profits; this is a common business behavior in the market economy.
3. The price difference may also come from the seller's added value to the product, such as brand effect, marketing strategy or unique service. These factors can cause the same product to be priced differently at different sellers.
4. In some cases, goods purchased at a low price may increase in market valuation over time due to scarcity, antique value or collectible value, allowing sellers to sell them at a higher price.
5. The "buy low, sell high" strategy in economics is one of the basic principles of investment behavior. Investors buy lower-cost assets by predicting market trends, and when their value rises Sell ??for profit.
To sum up, buying at low prices and selling at high prices is a normal phenomenon in the market economy, as long as it does not involve illegal activities such as operating without permission, exceeding the scope of business, selling counterfeit and shoddy goods, etc. It does not constitute a crime. Only when its behavior violates legal provisions and disrupts market order can it be deemed as an illegal business crime.
Legal basis:
"Criminal Law of the People's Republic of China"
Article 225
Violation of the state It stipulates that anyone who commits any of the following illegal business activities and disrupts market order, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also or solely be fined not less than one time but not more than five times the illegal income; if the circumstances are particularly serious, he shall be sentenced to five years or more. or above, and shall also be subject to a fine of not less than one time but not more than five times the illegal income, or property confiscation: (1) Operating franchises, monopoly items or other restricted items stipulated in laws and administrative regulations without permission; (2) Buying and selling import and export license, import and export certificate of origin, and other business licenses or approval documents stipulated in laws and administrative regulations; (3) illegally operating securities, futures, and insurance businesses without approval from the relevant national competent authorities, or illegally engaging in fund payment and settlement Business; (4) Other illegal business activities that seriously disrupt market order.