English Lexicon

Collective Buying

/kəˈlɛk.tɪv ˈbaɪ.ɪŋ/
nounCEFR B2 (Upper)Top #1500 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A purchasing method where a group of consumers come together to buy products or services at a discounted rate.

    "Through collective buying, the community was able to secure a lower price on organic produce."
  2. 2

    A strategy used by consumers to leverage their collective purchasing power to negotiate better deals.

    "The collective buying initiative allowed members to save significantly on their monthly grocery bills."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'collective buying' combines 'collective', derived from the Latin 'collectivus', meaning 'gathered together', and 'buying', from Old English 'bycgan', meaning 'to purchase'. The phrase evolved in the late 20th century with the rise of group purchasing models in commerce.

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