| / English Dictionary |
OLIGOPOLY
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
(economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices and affect competitors
Classified under:
Nouns denoting stable states of affairs
Hypernyms ("oligopoly" is a kind of...):
market; market place; marketplace (the world of commercial activity where goods and services are bought and sold)
Domain category:
economic science; economics; political economy (the branch of social science that deals with the production and distribution and consumption of goods and services and their management)
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