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oligopoly

ol·i·gop·o·ly
O o

Transcription

    • US Pronunciation
    • US IPA
    • UK Pronunciation
    • UK IPA
    • [ol-i-gop-uh-lee]
    • /ˌɒl ɪˈgɒp ə li/
    • /ˌɒl.ɪˈɡɒp.əl.i/
    • US Pronunciation
    • US IPA
    • [ol-i-gop-uh-lee]
    • /ˌɒl ɪˈgɒp ə li/

Definitions of oligopoly word

  • noun oligopoly the market condition that exists when there are few sellers, as a result of which they can greatly influence price and other market factors. Compare duopoly, monopoly (def 1). 1
  • noun oligopoly A state of limited competition, in which a market is shared by a small number of producers or sellers. 1
  • noun oligopoly market with few competitors 1
  • noun oligopoly a market situation in which control over the supply of a commodity is held by a small number of producers each of whom is able to influence prices and thus directly affect the position of competitors 0
  • noun oligopoly control of a commodity or service in a given market by a small number of companies or suppliers 0

Information block about the term

Origin of oligopoly

First appearance:

before 1890
One of the 20% newest English words
First recorded in 1890-95; oligo- + (mono)poly

Historical Comparancy

Parts of speech for Oligopoly

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation

oligopoly popularity

A common word. It’s meaning is known to most children of preschool age. About 75% of English native speakers know the meaning and use the word.
Most Europeans know this English word. The frequency of it’s usage is somewhere between "mom" and "screwdriver".

oligopoly usage trend in Literature

This diagram is provided by Google Ngram Viewer

Synonyms for oligopoly

noun oligopoly

  • cartel — A cartel is an association of similar companies or businesses that have grouped together in order to prevent competition and to control prices.
  • holding — an act of holding fast by a grasp of the hand or by some other physical means; grasp; grip: Take hold. Do you have a hold on the rope?
  • ownership — the state or fact of being an owner.
  • patent — the exclusive right granted by a government to an inventor to manufacture, use, or sell an invention for a certain number of years.
  • trust — reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence.

Antonyms for oligopoly

noun oligopoly

  • distribution — an act or instance of distributing.
  • scattering — distributed or occurring here and there at irregular intervals; scattered.
  • sharing — the full or proper portion or part allotted or belonging to or contributed or owed by an individual or group.

Top questions with oligopoly

  • what is an oligopoly?
  • which of the following is the best example of oligopoly?
  • homogeneous oligopoly exists where a small number of firms are?
  • what is oligopoly?
  • how do economists determine whether a market is an oligopoly?
  • what is a oligopoly?
  • differentiated oligopoly exists where a small number of firms are?
  • what is the definition of an oligopoly?
  • which of the following is an example of an oligopoly?
  • an oligopoly is a market in which?
  • what does oligopoly mean?
  • which of the following is a unique feature of oligopoly?
  • what are examples of oligopoly?
  • what is the difference between monopoly and oligopoly?
  • what is oligopoly market with examples?

See also

Matching words

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