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Collusive: meaning, definitions and examples

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collusive

 

[kəˈluːsɪv ]

Definition

Context #1 | Adjective

illegal agreement

Collusive refers to actions or agreements made by two or more parties with the intention to deceive or defraud. This behavior is often seen in contexts such as business practices, where companies may engage in collusion to manipulate markets or set prices. Collusive activities are deemed illegal and unethical, as they undermine fair competition.

Synonyms

conspiratorial, fraudulent, secretive.

Examples of usage

  • The companies were accused of collusive practices.
  • Their collusive behavior led to higher prices for consumers.
  • Investigators uncovered a collusive agreement between firms.

Interesting Facts

Etymology

  • The word comes from the Latin 'colludere,' meaning 'to play together,' often in a deceptive way.
  • It first appeared in English texts around the early 19th century, relating to acts of conspired cheating.
  • The prefix 'col-' means 'together,' highlighting the cooperative aspect in doing something wrong.

Law

  • In legal contexts, collusive behavior can lead to significant repercussions, including civil penalties.
  • Collusion is often seen in cases of price-fixing, where businesses secretly agree on prices instead of competing fairly.
  • Antitrust laws are designed to prohibit collusive practices among businesses to protect fair competition.

Psychology

  • Research suggests that collusive behavior can stem from group dynamics, where individuals feel pressure to conform.
  • Trust is a core element that can be manipulated in collusive situations, where one party may betray another's trust for personal gain.
  • Studies show that people may engage in collusion if they perceive it as a norm in their environment or community.

Pop Culture

  • The idea of collusion has been popularized in various films, where characters conspire together for heists or betrayals, like in 'Ocean's Eleven.'
  • Television shows often depict collusive relationships between characters, highlighting themes of betrayal and secrecy.
  • In political dramas, collusion commonly serves as a plot device to create tension and conflict, such as in series like 'House of Cards.'

Economics

  • Economists warn that collusive practices among firms can lead to market inefficiencies, depriving consumers of fair prices.
  • Economic theories often explore the balance between competition and collusion, debating which fosters innovation.
  • Certain bidding tactics, such as 'bid rigging,' exemplify collusion in public contract auctions, resulting in unfair market advantage.

Word Frequency Rank

At rank #26,507, this word represents specialized academic or technical vocabulary. It's less frequently encountered but may be valuable in specific contexts.