"Concession" Pronounce,Meaning And Examples

"Concession" Meaning

A concession is the act of giving up or surrendering something, often in recognition of defeat or in order to avoid further conflict or difficulty. It can also refer to a permission or license granted to someone to do something, often as a favor or as a result of negotiation. In economics, a concession can also refer to a monopoly granted to a company, allowing it to operate in a particular market or industry.

"Concession" Examples

Concession

Examples

The company made a concession to its employees by increasing their salaries to boost morale.
The judge made a concession to the defense, allowing them to present additional evidence.
The team manager made a concession to the fans by announcing that the player would return to the lineup.
The politician made a concession speech after losing the election, thanking her supporters.
The sports authority made a concession to the community by building a new public park.