Trade Definition, Prefix, Suffix, Ologies and Isms, Trade Information and Meaning

See also DUES and PAYMENT; ECONOMICS; FINANCE; PROPERTY and OWNERSHIP.

cabotage

the act of navigating or trading along a coast.

chreotechnics

Rare. useful arts, as agriculture, commerce, and manufacturing.

coemption

Obsolete, the purchase of all of a given commodity in order to control its price. —coemptive, adj.

duopoly

the market condition that exists when there are only two sellers. —duopolist, n. —duopolistic, adj.

duopsony

the market condition that exists when there are only two buyers. —duopsonistic, adj.

emption

1. Rare. the act of purchasing.

2. Obsolete, the thing purchased. —emptional, adj.

emptor

Law. abuyer.

merchantry

1. merchants collectively.

2. the business of commerce or trade.

monopolism

the practices and system of a monopoly. —monopolist, n. —monopolistic, adj.

monopoly

an exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. —monopolist, n. —monopolistic, adj.

monopsony

the market condition that exists when only one buyer will purchase the products of a number of sellers. —monopsonist, n. —monopsonistic, adj.

multiopoly

the condition of free enterprise, without restriction as to the number of sellers of a given product.

multiopsony

a market condition where no restriction on the number of buyers exists. —multiopsonist, n. —multiopsonistic, adj.

oligopoly

the market condition that exists when there are few sellers. —oligopolistic, adj.

oligopsony

a market condition in which there are few buyers. —oligopsonist, n. —oligopsonistic, adj.

paternalism

fatherlike control over subordinates or employees in business. —paternalist, n. —paternalistic, adj.

preferentialism

the policy of giving preferential treatment in international trade. —preferentialist, n.