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The meanings of words shifts based on their usage. I'm old enough to recognize that the meaning of words change.

Nonetheless, economic principles have a precise, technical definition for Monopoly, Duopoly, Monopsony, Oligopoly, Cartel, and Oligopsony.

Each situation requires a different policy to handle. So its important to choose the right word to describe any particular problem.




Oh yeah, I agree with the conclusion. Weakening of technical terms makes clear discussion of these abstract topics in a casual context exponentially more difficult.

I just don't see that argument-from-etymology is a productive way to get there since it doesn't seem to generalize.




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