Lizet Elaine (simplyn2deep) wrote in 1_million_words,
Lizet Elaine
simplyn2deep
1_million_words

Word of the Day 08/21/21 Oligopoly

Oligopoly (noun)
oligopoly [ ol-i-gop-uh-lee ]


noun
1. the market condition that exists when there are few sellers, as a result of which they can greatly influence price and other market factors. Compare duopoly, monopoly (def. 1).

OTHER WORDS FROM OLIGOPOLY
ol·i·gop·o·lis·tic [ol-i-gop-uh-lis-tik], adjective

WORDS RELATED TO OLIGOPOLY
patent, trust, cartel, holding, ownership, syndicate, proprietorship, corner, pool, copyright, consortium, possessorship

See more synonyms on Thesaurus.com

Origin: First recorded in 1890–95; oligo- + (mono)poly

HOW TO USE OLIGOPOLY IN A SENTENCE
Combating potential oligopolies, asymmetries of power between landlords and tenants, high rents, and overly high home prices begins with ensuring housing abundance.
WALL STREET ISN’T TO BLAME FOR THE CHAOTIC HOUSING MARKET|JERUSALEM DEMSAS|JUNE 11, 2021|VOX

I believe that markets are much broader, even in oligopoly markets, where you say there could be coordinated pricing.
HOW TO FIX THE HOT MESS OF U.S. HEALTHCARE (EP. 456)|STEPHEN J. DUBNER|APRIL 1, 2021|FREAKONOMICS

Putting forward a strong economic case enabled the movement to gain traction among leading business networks and even blue-collar workers, who often look to the country’s oligopolies for political cues.
WHAT ASIA'S LGBTQ+ MOVEMENT CAN LEARN FROM JAPAN|BRIAN WONG|MARCH 30, 2021|TIME

On the other hand, Israel's banking oligopoly feels to ordinary consumers like a protection racket.
FISCHER KING DEPARTS|BERNARD AVISHAI|JANUARY 31, 2013|DAILY BEAST

Now YOU come up with a sentence (or fic? or graphic?) that best illustrates the word.
Tags: daily: word of the day
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