Buyers Strike

Buyers Strike

A situation in which a large number of buyers stop purchasing one or more commodities over an extended period of time in order to reduce the price. For example, everyone in a city may choose to bike to work instead of drive as part of an effort to reduce gas prices. A buyers strike is similar to but distinct from a boycott, which may be undertaken for moral reasons.
References in periodicals archive ?
Arguably the declaration of a credit event is a better outcome for other peripheral debt markets in so far at it should reduce the chances of a buyers strike in the future," said Jane Foley, an analyst at Rabobank International.