Shakeout: meaning, definitions and examples
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shakeout
[ ˈʃeɪk.aʊt ]
economic situation
A shakeout refers to a situation in which less successful companies in an industry are forced out of business due to market competition, leading to a consolidation of stronger firms. This often occurs after a period of rapid growth in an industry or market.
Synonyms
consolidation, market correction, purge.
Examples of usage
- The tech industry experienced a shakeout after numerous startups failed.
- The economic shakeout left only a few dominant players in the market.
- Investors were wary of the upcoming shakeout in the cryptocurrency sector.
event or exercise
A shakeout is also a term used to describe a situation where people participate in an event or exercise aimed at preparing for or testing a response to a particular scenario. This is often associated with disaster preparedness or field exercises.
Synonyms
Examples of usage
- The emergency services conducted a shakeout drill to prepare for an earthquake.
- Participants found the shakeout exercise to be very informative.
- They organized a shakeout to assess their readiness for a natural disaster.
Translations
Translations of the word "shakeout" in other languages:
🇵🇹 desgaste
🇮🇳 झटका
🇩🇪 Ausschütteln
🇮🇩 guncangan
🇺🇦 вибивання
🇵🇱 wstrząs
🇯🇵 シェイクアウト
🇫🇷 secouer
🇪🇸 sacudida
🇹🇷 sarsıntı
🇰🇷 흔들다
🇸🇦 اهتزاز
🇨🇿 otřes
🇸🇰 otrasenie
🇨🇳 震动
🇸🇮 trešnja
🇮🇸 skjálfti
🇰🇿 дірілдеу
🇬🇪 ძაბვა
🇦🇿 sarsıntı
🇲🇽 sacudida
Etymology
The term 'shakeout' has its origins in the economic context. It first gained traction in the early 1980s during a period of economic recession in the United States. As many businesses struggled to survive in a competitive environment, the term was coined to describe the weeding out process where less efficient firms were eliminated. Over time, 'shakeout' has evolved and been adopted in various contexts, including disaster preparedness exercises and operational drills designed to test responses to critical scenarios. As industries grow and mature, the concept of a shakeout remains relevant as it underscores the natural lifecycle of market dynamics, emphasizing the importance of competition and innovation in driving industry health.