FORESTALLING Meaning and
Definition
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Forestalling is a term that is commonly used in the realm of business and economics to describe a strategy or action that is aimed at preventing a future event, typically a competitive or undesirable outcome, from occurring. It involves taking preemptive measures to gain an advantage or control over a situation.
In business, forestalling often refers to the act of buying goods or commodities in advance, with the intention of reselling them later at a higher price to deter competitors from accessing the same goods or materials. This practice is often associated with speculation and can be seen as a way to manipulate prices in the market. By acquiring the goods beforehand, forestallers create artificial scarcity, driving up demand and subsequently increasing the prices.
Beyond business contexts, forestalling can also be applied in personal and social situations. The concept focuses on anticipating potential future events or problems and taking proactive steps to avoid or mitigate their impact. This could include undertaking preventive actions to avert crises or disruptions, such as implementing safety protocols to prevent accidents, or implementing policies to address potential risks in advance.
Overall, forestalling encompasses the act of acting pre-emptively in various domains to circumvent or control future events or outcomes. It involves strategic maneuvers and proactive approaches to gain an advantage, avoid competition, or mitigate potential risks.
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Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for FORESTALLING *
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Other Common Misspellings for FORESTALLING
Etymology of FORESTALLING
The word "forestalling" originated in Middle English, derived from the combination of the words "for-", which in this context means "beforehand", and "-stalling", which is related to the Old English word "steall" meaning "position" or "state". The term "forestalling" initially referred to a method employed in medieval markets where a person strategically stood in front of a seller's stall or store to buy goods before they could be offered for sale to others. Over time, the word broadened in meaning to encompass the act of preventing or obstructing something from happening in general.
Similar spelling words for FORESTALLING
Conjugate verb Forestalling
CONDITIONAL
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would forestall
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FUTURE
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will forestall
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FUTURE PERFECT
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will have forestalled
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PAST
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forestalled
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forestalled
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PAST PERFECT
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had forestalled
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PRESENT
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forestall
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forestall
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forestalls
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forestall
PRESENT PERFECT
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have forestalled
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would have forestalled
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would be forestalling
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