Meaning of the word oligopoly in English
What does oligopoly mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
oligopoly
US /ˌɑː.lɪˈɡɑː.pəl.i/
UK /ˌɒl.ɪˈɡɒp.əl.i/
Noun
a state of limited competition, in which a market is shared by a small number of producers or sellers.
Example:
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The airline industry is often cited as an example of an oligopoly.
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The market for smartphones is largely an oligopoly dominated by a few major players.
Synonym: