398. Trade

See also 131. DUES and PAYMENT ; 137. ECONOMICS ; 160. FINANCE ; 331. 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.