price ring

price ring
price ring noun
A group of manufacturers who co-operate for the purpose of raising or maintaining the price of a commodity above the level that would be established by a free market, a cartel
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Main Entry:price

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price ring,
Especially British. a number of manufacturers who act together to set a noncompetitive price on a product which they all make.

Useful english dictionary. 2012.

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Look at other dictionaries:

  • price ring — ➔ ring1 * * * price ring UK US noun [C] ► ECONOMICS a group of similar companies who agree to prices between them in order to increase profits and limit competition → Compare CARTEL(Cf. ↑cartel) …   Financial and business terms

  • price ring — A group of firms in the same industry that have agreed amongst themselves to fix a minimum retail price for their competing products, thus forming a cartel Price rings are illegal in many countries unless they can be shown to be in the public… …   Big dictionary of business and management

  • price ring — /ˈpraɪs rɪŋ/ (say pruys ring) noun an agreement whereby suppliers of goods or services agree to charge uniform prices …  

  • price ring — / praɪs rɪŋ/ noun a group of producers or distributors who agree to control prices and market conditions in their industry …   Marketing dictionary in english

  • price-ring — ˈ ̷ ̷ˌ ̷ ̷ noun : a group (as of producers) acting in concert to fix or control prices …   Useful english dictionary

  • ring — A designated area on the exchange floor where traders and brokers stand while executing trades. Instead of rings, some exchanges use pits. The CENTER ONLINE Futures Glossary The term used to describe the area on the trading floor of the LME in… …   Financial and business terms

  • Price — n. & v. n. 1 a the amount of money or goods for which a thing is bought or sold. b value or worth (a pearl of great price; beyond price). 2 what is or must be given, done, sacrificed, etc., to obtain or achieve something. 3 the odds in betting… …   Useful english dictionary

  • price — n. & v. n. 1 a the amount of money or goods for which a thing is bought or sold. b value or worth (a pearl of great price; beyond price). 2 what is or must be given, done, sacrificed, etc., to obtain or achieve something. 3 the odds in betting… …   Useful english dictionary

  • price leadership — The setting of the price of a product by a dominant firm in an industry in the knowledge that competitors will follow this lead in order to avoid the high cost of a price war This practice is often found in oligopoly and has the effect of a… …   Big dictionary of business and management

  • Ring Mountain (British Columbia) — Ring Mountain Elevation 2,192 m (7,192 ft) [1 …   Wikipedia

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