Updated: Aug 20, 2021

A refusal to trade with the person, company, or country boycotted. The name comes from a 19th-century Irish land agent unpopular with his master’s boycott may involve refusal to buy goods and services from somebody, or to sell to them. A secondary boycott extends this to anybody who does not join in the original boycott. While it is hard to make a boycott completely effective, as trade can usually be conducted secretly or indirectly, this involves delay, expense, and inconvenience. A boycott is thus an effective form of pressure on individuals, firms, or countries whose conduct or opinions are widely disapproved of.

Reference: Oxford Press Dictonary of Economics, 5th edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.