Associations to the word «Oligopoly»

Wiktionary

OLIGOPOLY, noun. An economic condition in which a small number of sellers exert control over the market of a commodity.

Dictionary definition

OLIGOPOLY, noun. (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.

Wise words

Language is a process of free creation; its laws and principles are fixed, but the manner in which the principles of generation are used is free and infinitely varied. Even the interpretation and use of words involves a process of free creation.
Noam Chomsky