The term “buyer’s market” is often used in the world of commerce and economics. It is a term that is used to describe a market condition in which there are more sellers than buyers, resulting in a situation where buyers have an advantage over sellers. In this article, we will explore the definition and meaning of buyer’s market, its origin, associations, synonyms, and antonyms.
Definitions
A buyer’s market is a market condition in which there is an excess supply of goods or services, and buyers have more bargaining power than sellers. It is a situation where buyers can demand lower prices, better terms, and conditions, and have more options to choose from.
According to Investopedia, “In a buyer’s market, there are more sellers than buyers, and the supply exceeds the demand, causing prices to decline.”
Origin
The term “buyer’s market” has been in use since the early 20th century. It originated during the Great Depression when the economic conditions were such that there were more sellers than buyers.
Meaning in different dictionaries
According to the Oxford English Dictionary, a buyer’s market is “a situation in which goods or services are plentiful, and buyers can exert pressure on sellers to reduce prices.”
Merriam-Webster defines a buyer’s market as “a market in which goods or services are plentiful, buyers have a wide range of choices, and prices tend to be low.”
Associations
A buyer’s market is often associated with economic downturns, recessions, and periods of low demand. It is also associated with industries that are highly competitive, such as real estate, where there are many sellers and few buyers.
Synonyms
Some synonyms of buyer’s market include:
- Soft market.
- Depressed market.
- Down market.
- Weak market.
- Sluggish market.
Antonyms
The antonyms of buyer’s market include:
- Seller’s market.
- Strong market.
- Bull market.
- Booming market.
- Competitive market.
The same root words
The same root words as buyer’s market include:
- Buyer.
- Market.
Example Sentences
- The housing market is currently a buyer’s market, with many properties available at discounted prices.
- During a recession, the job market becomes a buyer’s market, with more job seekers than available positions.
- The technology industry is highly competitive, making it a buyer’s market for consumers looking for the latest gadgets at the best prices.
In conclusion, a buyer’s market is a market condition where buyers have more bargaining power than sellers due to an excess supply of goods or services. It is often associated with economic downturns and highly competitive industries. Understanding the meaning of buyer’s market can help buyers and sellers navigate market conditions and make informed decisions.