Dictionary

oligopoly

noun ol·i·gop·o·ly \-ˈgä-pə-lē\

Definition of OLIGOPOLY

:  a market situation in which each of a few producers affects but does not control the market
ol·i·gop·o·list \-list\ noun
ol·i·gop·o·lis·tic \-ˌgä-pə-ˈlis-tik\ adjective

Origin of OLIGOPOLY

olig- + -poly (as in monopoly)
First Known Use: 1895

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

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