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A.Word.A.Daywith Anu Garg
MEANING:noun: A market condition where there are few sellers.
ETYMOLOGY:From Greek oligo- (few) + -poly, patterned after monopoly, from polein (to sell).
NOTES:Here's a little chart that explains it all:
USAGE:"The country's fair trade regulator suggested Sunday that the long-standing oligopoly of a few gas companies should be phased out by allowing new providers to compete in the market."
Jane Han; Gas Monopoly Must Be Dissolved; The Korea Times (Seoul); Jan 3, 2009.
See more usage examples of oligopoly in Vocabulary.com's dictionary.
A THOUGHT FOR TODAY:Old age deprives the intelligent man only of qualities useless to wisdom. -Joseph Joubert, essayist (1754-1824)