oligopoly Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “oligopoly” in the English Dictionary

"oligopoly" in British English

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oligopolynoun [C]

uk   /ˌɒl.ɪˈɡɒp.əl.i/  us   /ˌɑː.lɪˈɡɑː.pəl.i/
a ​situation in which a ​smallnumber of ​organizations or ​companies has ​control of an ​area of ​business, so that ​others have no ​share
(Definition of oligopoly from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"oligopoly" in Business English

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oligopolynoun [C or U]

uk   us   /ˌɒliˈɡɒpəli/ (plural oligopolies)
ECONOMICS a ​situation in which only a ​smallnumber of ​companies are involved in ​producing a particular ​type of ​goods or in ​providing a particular ​type of ​service. The ​group of ​companies itself is also referred to as an oligopoly: Some say that Swedish ​banking is an oligopoly: the ​big four ​bankscontrol 89% of ​totalbankingassets.
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(Definition of oligopoly from the Cambridge Business English Dictionary © Cambridge University Press)
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