Definition
Boycott is the organized refusal by individuals or groups to buy, use, or support specific products, services, or organizations in order to protest policies, practices, or unethical behavior.
Why It Matters
Boycotts are important tools in economics and social activism because they can influence corporate behavior, public policy, and market outcomes. By reducing sales or engagement, consumers and activists signal disapproval and create financial or reputational pressure on the target.
Example
If a group refuses to purchase products from a company due to environmental violations, their collective action can decrease sales, attract media attention, and encourage the company to adopt more sustainable practices.