👉 Concessive is a term in English language that refers to an agreement or arrangement where one party receives something in return for another, usually as compensation. It can be used in different contexts such as providing goods, services, or resources to another party, which are often given at a reduced price or with terms of payment. In the context of economics, concessive pricing is when a company sets prices below its cost so that it can sell more products and gain revenue from those sales. This practice helps