different between monopoly vs oligopoly

English

Etymology

From Latin monop?lium, from Ancient Greek ?????????? (monop?lion, “a right of exclusive sale”), from ????? (mónos, “sole”) + ????? (p?lé?, “I barter, sell”).

Pronunciation

• (Received Pronunciation) enPR: m?n?'p?l?", IPA^(key): /m??n?p??li/
• (US) enPR: m?nä'p?l?", IPA^(key): /m??n?p??li/

Noun

monopoly (plural monopolies)

1. A situation, by legal privilege or other agreement, in which solely one party (company, cartel etc.) exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it.

   Antonym: monopsony

   Coordinate terms: duopoly, oligopoly
2. An exclusive control over the trade or production of a commodity or service through exclusive possession.

3. The privilege granting the exclusive right to exert such control.

4. (metonymically) The market thus controlled.
5. (metonymically) The holder (person, company or other) of such market domination in one of the above manners.

   Synonym: monopolist

Derived terms

• monopolistic
• monopolistically
• monopolize, monopolization, monopolizer

Translations

Further reading

• monopoly in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913.
• monopoly in The Century Dictionary, New York, N.Y.: The Century Co., 1911.
• "monopoly" in Raymond Williams, Keywords (revised), 1983, Fontana Press, page 209.

Czech

Pronunciation

• IPA^(key): [?monopol?]

Noun

monopoly

1. nominative plural of monopol
2. accusative plural of monopol
3. vocative plural of monopol
4. instrumental plural of monopol

Spanish

Noun

monopoly m (uncountable)

1. Monopoly (board game)

English

Etymology

Derived, by analogy with monopoly, from Ancient Greek ?????? (olígoi, “few”) + ????? (p?lé?, “to sell”).From oligo- +? -poly

Pronunciation

• (UK) IPA^(key): /?l????p?li/
• (US) IPA^(key): /?l????p?li/

Noun

oligopoly (plural oligopolies)

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

Related terms

• oligopolist, oligopolistic, oligopolistically, oligopolize

Related terms

• monopoly
• duopoly

Translations

See also

• duopoly
• monopoly
• oligopsony