Noun
an economic condition that results in the elimination of marginally financed participants in an industry
Source: WordNetthey glutted the market in order to cause a shakeout of their competitors Source: Internet
A Guardian analysis of the shakeout since lockdown restrictions were imposed in March shows that about 12,000 jobs have been eliminated in a wave of administrations and financial restructurings that have jettisoned the weakest performing outlets. Source: Internet
“How severe that shakeout will be depends to a huge degree on how long this lasts,” Irwin said. Source: Internet