NOUN | state | oligopoly | (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 / prices and affect competitors |
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Sounds | aa.lihgaa'pahliy | |
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Rhymes | ably ... zealously: 1543 rhymes with liy... |
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 / prices and affect competitors. | |
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Category | economics, economic science, political economy | The branch of social science that deals with the production and distribution and consumption of goods and services and their management |
Broader | market, marketplace, market place | The world of commercial activity where goods and services are bought and sold |
Spanish | oligopolio | |
Catalan | oligopoli |
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