Oligopoly (Noun)
Meaning
(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.
Classification
Nouns denoting natural processes.
(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.
Nouns denoting natural processes.