conglomerate

(noun) “[A] group of diverse companies under common ownership and run as a single organization” (Princeton University 2010).

Audio Pronunciation: (con·glom·er·ate)

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Usage Notes:

  • Plural: conglomerates
  • Conglomerates are sociologically interesting because they are complex, often multinational, and large entities that can manipulate the balance of wealth and power in the global economy.

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References

Princeton University. 2010. “About WordNet.” WordNet. (http://wordnet.princeton.edu/wordnet).

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