Gouging is when someone takes advantage of a situation by charging too much money or being unfair.
You might hear about gouging in situations like buying gas during an emergency. Imagine there's a big storm and people need to fill up their cars to evacuate, but the gas stations are raising their prices super high. That would be an example of gouging. The goal is not just to make a profit, but to take advantage of desperate people who really have no choice but to pay those prices.
To make a groove, hole, or mark in by scooping with or as if with a gouge.
Example: Japanese and Chinese printers used to gouge characters in wood.
A mark produced by gouging.
