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1. A reduction or elimination of competing businesses or products in a particular field.
2. A decline in a securities market that forces speculators to sell their positions, often at a loss.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
an elimination of weaker businesses, esp. in a period of intense competition.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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|Noun||1.||shakeout - an economic condition that results in the elimination of marginally financed participants in an industry; "they glutted the market in order to cause a shakeout of their competitors"|
economic condition - the condition of the economy
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