shakeout

Noun

Meaning

an economic condition that results in the elimination of marginally financed participants in an industry

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Examples

they 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

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