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Taka Posted 18 years ago
Grammar

void

So far, they've made barely a dent in this alluring market: of the 668 million cards circulating in the mainland today, only 5 million are true revolving credit cards, the kind that allow consumers to pay off purchases over time. The rest are mostly debit cards —essentially glorified ATM cards. Given this void, "the potential for consumer-credit growth is massive," says Christian Weidemann, chief of GMAC's China operations.
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About the 'void', does it mean 'market open to new business' or something?

  

Top answer

void: means that the market is void of competition, without/lacking competition, thus, yes, it's open to new companies entering the market

— Marius Hancu

  • void: means that the market is void of competition, without/lacking competition, thus, yes, it's open to new companies entering the market
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1 Answers
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void: means that the market is void of competition, without/lacking competition, thus, yes, it's open to new companies entering the market
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