Oligopoly

Oligopoly

Control of goods or services in a given market by a small number of companies. An example is the U.S. auto industry, in which three major manufacturers account for over 90 percent of the output of passenger cars.

This is auto-generated content. You can help to improve it.

0 0

Improve it

Add an image

Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Politics
Category: Political Science
Company:
Product:
Acronym-Abbreviation:

Collect to Blossary

Other Languages:

Related terms

oligopoly

Professional careers; Sales

A market situation in which there are only a few sellers, in an oligopolistic situation the marketing action of one firm will have a direct effect on the others.

oligopoly

Sociology; General sociology

A situation that exists when a few firms dominate the world market for a particular product.

oligopoly

Economy; Economics

When a few firms dominate a market. Often they can together behave as if they were a single monopoly, perhaps by forming a cartel. Or they may collude informally, by preferring ...

oligopoly

Economy; International economics

A market structure in which there are a small number of sellers, at least some of whose individual decisions about price or quantity matter to the others.

oligopoly

Economy; Economics

A market structure in which only a few sellers offer similar or identical products.

oligopoly

Political systems; General

The concentration of economic power in the hands of a relatively few large companies.

Transformational Diplomacy

Politics; Political Science

Transformational Diplomacy is a diplomacy initiative championed by former United States Secretary of State Condoleezza Rice for reinvigorating American foreign policy. Rice ...

The Wealth of Nations

Politics; Political Science

The Wealth of Nations is the magnum opus of the Scottish economist and moral philosopher Adam Smith. First published in 1776, it is a reflection on economics at the beginning of ...

deterrence

Politics; Political Science

A defense policy in which a country ensures that it has sufficient military power to deter a potential enemy from making an attack. Deterrence is fundamental to U.S. policy, and ...

devaluation

Politics; Political Science

Reduction in the value of a nation's currency in relation to other currencies. Devaluation usually takes place because of an emergency, such as a balance of payments deficit in ...

devolution

Politics; Political Science

The redistribution or delegation of political power away from a centralized body to a lower, often regional, authority.

détente

Politics; Political Science

The easing of strained relations between states. In recent history the term is applied to relations between the Soviet Union and the U.S. in the 1970s, that led to increased trade ...