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Meaning of greater fool theory | Babel Free

Noun CEFR C1

Definitions

Theory that the price of an object is determined by irrational beliefs and expectations of market participants, rather than intrinsic value; i.e. that one can make money by buying something for the sole reason of selling it to some one else for a higher price.

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
See all C1 English words →

See also

greater galago greater galangal Greater Geelong Greater Geraldton Greater German Reich greater glider

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