Meaning of “oligopoly” in the English Dictionary


"oligopoly" in Business English

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oligopolynoun [ C or U ]

uk /ˌɒliˈɡɒpəli/ us plural oligopolies

ECONOMICS a situation in which only a small number 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 banks control 89% of total banking assets.

(Definition of “oligopoly” from the Cambridge Business English Dictionary © Cambridge University Press)