How to pronounce “race to the bottom”

Meaning

• [Noun]
• (economics) A situation in which competition between governments leads to very excessive (harmful) deregulation.
• A situation in which competition between entities leads to elimination of perks or amenities, often in the interest of cutting costs.
• Any situation in which multiple parties are seemingly competing to achieve the greatest level of mediocrity.

Practice Nearby Words

predatory pricing, dumping, price war, protection, currency war, rent-seeking, cartel, contraction, price-cutting, giveback, market foreclosure, skimpflation, leakage, downside, baxter's law, reduction, buyer's market, belt-tightening, diseconomy, demand destruction, recession, restrictive practice, bear raid, rent seeking, soft market, free enterprise, competitive market, austerity, casino capitalism, trade diversion, non-price competition, bust, price fixing, rally, devaluation, free market, cream skimming, underconsumption, econobabble, voodoo economics, limit down, market failure, bargain-basement, speedup, price control, price gouging, macrocontrol, liquidity trap, bertrand's paradox, stop-go, fire sale, economization, overheating, demerit good, perfect competition, great moderation, black market, static equilibrium, slowbalization, depression, straitened times, price scissors, cash grab, economese, cost cutting, bubble, tax cut, economy, goodhart's law, bleakonomics, easy money, bargain basement, deflation, capital flight, fiscal drag, trade-off, tight money, hard market, adverse selection, price cut, cheap, shock therapy, price match, commercialism, duopoly, price discrimination, seller's market, giveaway price, missing market, inferior good, lipstick effect, middle income trap, diseconomies of scale, hypercommercialism, tariffication, risk-off, bid rigging, full employment, economy model, snob effect

Similar Sounds

at the bottom, frostbitten, frost bitten, waste of time, wasted time, christmastime, justice system, extubation, east hampton, astrobleme