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Definitions from WordNet

Definitions from the Web

oligopolies

Definition:

Oligopolies are market structures characterized by a small number of dominant firms that have the power to control prices or output in their respective industries.

Part of Speech:

Noun (plural)

Senses:

1. An economic market structure where a small number of major firms dominate a particular industry.
2. The condition or state of being controlled by a small number of powerful players in a specific market.

Usage Examples:

Sense 1:

• Many sectors, such as telecommunications and airlines, are characterized by oligopolies.
• The automobile industry is known for its oligopolistic nature, with a few major companies controlling the majority of market share.

Sense 2:

• The oligopolies in the energy market exert significant control over the prices and supply of oil.
• In an oligopolistic market, the actions of one company can significantly impact the strategies and decisions of others in the industry.

Related Products (Amazon):

Books on Telecommunications
Books on Airlines Industry
Books on Automobile Industry
Books on Energy Market