price

GiG'a.12A Toeic
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words only definitions & notes
  1. industrialize
    organize into systematic production or manufacture
    In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that requires, Modern industrial planning requires and rewards great size.
  2. price-fixing
    control of the price of a commodity in interstate commerce
    In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that requires, Modern industrial planning requires and rewards great size.
  3. price cutting
    cutting the price of merchandise to one lower than the usual or advertised price
    Each large firm will thus avoid significant price cutting, because
  4. economic theory
    a theory of commercial activities
    That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-markets economic theories.
  5. effortless
    requiring or apparently requiring no work
    In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that requires, Modern industrial planning requires and rewards great size.
  6. captivate
    attract; cause to be enamored
    Most economists in the United states seem captivated by spell of the free market.
  7. industrialized
    highly developed in production and manufacturing
    In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that requires, Modern industrial planning requires and rewards great size.
  8. captivated
    filled with wonder and delight
    Most economists in the United states seem captivated by spell of the free market.
  9. compete
    engage in a contest or measure oneself against others
    Hence a comparatively small number of large firms will be competing for the same group of consumers.
  10. competitor
    the contestant you hope to defeat
    That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-markets economic theories.
  11. requirement
    necessary activity
    Consequently, nothing seems good ornormal that does not accord with the requirements of the free market.
  12. pernicious
    exceedingly harmful
    A price that is determined by the seller or for that matter, established by anyone other than the aggregate of consumers seems pernicious, Accordingly, it requires a major act of will to think of price – fixing (the determination of prices by the seller) as both “normal” and having a valuable economic function.
  13. aggregate
    a sum total of many heterogeneous things taken together
    A price that is determined by the seller or for that matter, established by anyone other than the aggregate of consumers seems pernicious, Accordingly, it requires a major act of will to think of price – fixing (the determination of prices by the seller) as both “normal” and having a valuable economic function.
  14. economist
    an expert in the circulation of goods and services
    Most economists in the United states seem captivated by spell of the free market.
  15. unite
    join or combine
    Most economists in the United states seem captivated by spell of the free market.
  16. advocate
    a person who pleads for a person, cause, or idea
    That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-markets economic theories.
  17. consideration
    the process of giving careful thought to something
    That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-markets economic theories.
  18. spell
    write or name the letters that comprise the accepted form of
    Most economists in the United states seem captivated by spell of the free market.
  19. comparatively
    in a relative manner; by comparison to something else
    Hence a comparatively small number of large firms will be competing for the same group of consumers.
Created on Thu Jul 21 10:27:09 EDT 2011

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