different between oligopolize vs oligopoly

English

Etymology

oligopoly +? -ize

Verb

oligopolize (third-person singular simple present oligopolizes, present participle oligopolizing, simple past and past participle oligopolized)

1. (transitive) To convert a market into an oligopoly.
   • 1987, United States. Congress. Joint Economic Committee. Subcommittee on Trade, Productivity, and Economic Growth, United States-Japanese Trade in Semiconductors: Hearing Before the Subcommittee on Trade, Productivity, and Economic Growth of the Joint Economic Committee, Congress of the United States, Ninety-ninth Congress, First Session, October 10, 1985

     Also, another reason to oligopolize is uncertainity^[sic] of world economy because of value of the US high dollar.

   • 2006, Japan Environemntal Council (JEC), The State of Environment in Asia: 2005/2006, Springer Science & Business Media (?ISBN), page 47:

     Japanese trading companies and large seafood companies responded with attempts to monopolize or oligopolize import and sales routes.

   • 2018, Takashi Shiraishi, Approaching Suharto's Indonesia from the Margins, Cornell University Press (?ISBN), page 152:

     It is, of course, possible for an enterprising body to highly diversify its business into various industries and concurrently to oligopolize some of the industries, but it is rather rare.

Related terms

• oligopoly

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