Word | Definition | Synonyms | Usage |
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Cartel (Noun) | An association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition. |
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In their attempts to stem cut-throat price competition, railway leaders repeatedly formed cartels to set prices and allocate traffic. |
Dent (Noun) | A reduction in amount or size. |
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Both increased capacity and competition will allow consumers to pay less, putting a dent into corporate profits. |
Demise (Noun) | The end or failure of an enterprise or institution. |
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The services sector is all some regions in the UK have left after the demise of the manufacturing industry. |
Directive (Noun) | An official or authoritative instruction. |
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The US government has no authority to issue directives to the country's courts. |
Externality (Noun) | A consequence of an industrial or commercial activity which affects other parties without this being reflected in market prices. |
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Network externalities occur when markets characterized by network effects fail to allocate resources properly. |
Word | Definition | Synonyms | Usage |
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Leeway (Noun) | The amount of freedom to move or act that is available. |
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Certainly, the government deserves a significant amount of leeway when it comes to endorsing the current administration. |
Misgiving (Noun) | A feeling of doubt or apprehension about the outcome or consequences of something. |
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Despite my misgivings, I picked up a box of these today when I filled the new prescription. |
Peculiarity (Noun) | A strange or unusual feature or habit. |
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One peculiarity of this artist's pictures was that he used actual gold leaf to make the high lights upon hair, leaves, and draperies. |
Prospect (Noun) | The possibility or likelihood of some future event occurring. |
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Maybe the prospect of the landscape turning into a tourist facility will force a political change in the end. |
Sedition (Noun) | Conduct or speech inciting people to rebel against the authority of a state or monarch. |
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The extended geographical jurisdiction for offences is being used here not just to cover sedition, but also treason. |