Coffee is the second largest traded commodity in the world, next to crude oil. It’s also one of the oldest commodities, with over 2.25 billion cups of coffee consumed worldwide daily.
DUOPSONY
Etymology
Noun
duopsony (plural duopsonies)
An economic condition in which two buyers exert control over the market price of a commodity.
Source: Wiktionary
Recent Word Finds
Word of the Day
31 March 2025
IMPROVISED
(adjective) done or made using whatever is available; “crossed the river on improvised bridges”; “the survivors used jury-rigged fishing gear”; “the rock served as a makeshift hammer”
Coffee Trivia
