oligopoly Definition and Meaning in English (oligopoly definition)
nounSynonyms:market concentrationlimited competition
Quick Answer • Definition
Oligopoly definition: An oligopoly is a market structure characterized by a small number of large firms that dominate the market, leading to limited competition.
Definitions of Oligopoly
- 1noun(formal)
An oligopoly is a market structure characterized by a small number of large firms that dominate the market, leading to limited competition.
Example Sentences
business
“The global smartphone market is often described as an oligopoly due to the dominance of a few major players.”
Synonyms
market concentrationlimited competition
Antonyms
perfect competitionmonopoly
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agent nounoligopolist
adjectiveoligopolistic
Frequently Asked Questions: Oligopoly in English
What is the meaning of Oligopoly in English?▼
Oligopoly definition: An oligopoly is a market structure characterized by a small number of large firms that dominate the market, leading to limited competition.
How do you translate 'Oligopoly' to English?▼
'Oligopoly' translates to 'oligopoly' in English. Oligopoly definition: An oligopoly is a market structure characterized by a small number of large firms that dominate the market, leading to limited competition.
How do you pronounce 'Oligopoly' and 'oligopoly'?▼
Listen to clear English audio pronunciation of 'Oligopoly' and native English audio speech for 'oligopoly' with bilingual sentence examples on DictBridge.
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