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Meaning of Averch-Johnson effect | Babel Free

Noun CEFR B2

Definitions

The tendency of regulated companies to engage in excessive amounts of capital accumulation in order to expand the volume of their profits.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

avercorn averdupois Averett Averette Averham Averi

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