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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 small number 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 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.
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(Definition of oligopoly from the Cambridge Business English Dictionary © Cambridge University Press)
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