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Word | Oligopoly |
Hindi Meaning | अल्पाधिकार |
(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 and affect competitors / a state of limited competition, in which a market is shared by a small number of producers or sellers., | |
Usage | ⇒ With limited competition, or oligopolies , the various players within a particular industry will most likely have different cost structures. |
Synonyms | monopoly, cartel, ascendancy, control, dominance, few to sell, ascendance, ascendence, ascendency, authority, business, clutch, command, corner, dictation, direction, domination, force, grasp, greatness, |
Antonyms | |
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