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Subscribe below to the FREE August Review e-newsletter and receive a FREE e-book Trilaterals Over Washington. This classic work on the Trilateral Commission was authored by Patrick Wood and Antony Sutton in 1978. This book clarifies the origin of today's global economic upheaval by those who created a "New International Economic Order" starting in 1973.

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Term	Definition
OAS	Organization of American States - a body with representation from all countries in the Americas. It is now charged with 27 non-trade issues in the Free Trade Area of the Americas (FTAA) such as poverty, drug control, and democracy.

OECD	Organization for Economic Cooperation and Development - an elite group of highly industrialized nations.

Oligopoly	A market that is dominated by a small number of sellers who would tend to collude in order to raise selling prices. When a formal agreement exists to control prices, it is known as a cartel.

Oligopsony	Represents a market where there are a only a small number of buyers for a product or service. An example is the fast-food market (McDonalds, Burger King, etc) exerting control over beef producers to control meat prices.

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