|
WordNet-Online
| ||||
Definitions from the WebRace to the BottomNoun (Economics): The phenomenon where countries, businesses, or organizations compete with each other by lowering standards, wages, and regulations to gain a competitive advantage. Example Sentence: Many developing nations engage in a race to the bottom to attract multinational corporations by offering lower wages and reduced environmental regulations. Noun (Sociology): A situation where individuals or groups compete aggressively, often at their own expense, to achieve the lowest possible outcome or status. Example Sentence: The cutthroat competition in the fashion industry has led to a race to the bottom with designers sacrificing quality for the sake of affordability. Idiomatic Phrase: A term used to describe a situation where entities engage in a downward spiral of decreasing standards or ethics, often resulting in an undesirable outcome. Example Sentence: The competition among airlines to offer the lowest prices has led to a race to the bottom, where customer service and comfort are often compromised. Related Products: | ||||
race irregular verb race meeting race murder race of nation race problem race relations race riot race runner race to the bottom raceabout racecar racecar s racecard racecars racecourse raced racehorse
|