Definitions by BlastFurnace
Oligopoly
Defined as a small group of companies that acts like a cartel to fix prices and stifle competition. Usually applies to gas stations and supermarkets, but can be applied to any industry with a small number of players.
When an independent gas station tried to start a price war with its major competitors, the oligopoly colluded to squeeze the smaller player out of business.
Oligopoly by BlastFurnace November 22, 2023
Racialized
A merger of the words "racially" and "marginalized." Refers to someone who is pushed to the fringes of society because of his or her race.
At a debate, one of the participants refused to acknowledge his opponent came from a racialized community, saying instead that racism was a state of mind and not real.
Racialized by BlastFurnace September 19, 2023