Tag: Low on the totem pole
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Pass the buck
Idiom: Pass the buck At first glance, pass the buck may sound like a fun game. Perhaps it would be something similar to ‘hot potato’ where you have to pass something between players, and whoever drops it is out. Unfortunately, passing the buck is sort of like that, but there’s not much fun involved at…
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Price-fixing
WotD: Price-fixing Competition is the bedrock of a free market and is good for the customer. It allows consumers to find the best price. Price-fixing, on the other hand, is the enemy of the free market because it eliminates competition and deprives the consumer of choice. Unfortunately, price-fixing has always existed. Price-fixing occurs when sellers…
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Left holding the bag
Phrase: Left holding the bag Have you ever had the responsibility for something unceremoniously dumped on you? If you have, you know how it feels to be left holding the bag. If you know what I mean, things like that tend to happen to people further down the totem pole. To be clear, when you’re…
