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coemption

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coemption [kəʊˈɛmpʃən]
n
(Business / Commerce) the buying up of the complete supply of a commodity
[from Latin coemptiōnem a buying together]

coemption
Obsolete, the purchase of all of a given commodity in order to control its price. — coemptive, adj.
See also: Trade


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Monopolies, and coemption of wares for re-sale, where they are not restrained, are great means to enrich; especially if the party have intelligence, what things are like to come into request, and so store himself beforehand.
 
 
 
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