Meaning of “peer group” in the English Dictionary

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"peer group" in Business English

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peer groupnoun [ C ]

uk us

a group of people who are similar in age, education, position, etc.:

Brands are a way of identifying with a social or economic peer group.

a group of companies that offer similar products or services:

Total returns on the company's shares slipped below the global peer group average.

(Definition of “peer group” from the Cambridge Business English Dictionary © Cambridge University Press)