OLIGOPOLY

oligopoly

(noun) (economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices and affect competitors

Source: WordNet® 3.1


Etymology

Noun

oligopoly (plural oligopolies)

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

Source: Wiktionary



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Word of the Day

29 January 2025

SEX

(noun) all of the feelings resulting from the urge to gratify sexual impulses; “he wanted a better sex life”; “the film contained no sex or violence”


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Coffee Trivia

Contrary to popular belief, coffee beans are not technically beans. They are referred to as such because of their resemblance to legumes. A coffee bean is a seed of the Coffea plant and the source for coffee. It is the pit inside the red or purple fruit, often referred to as a cherry. Just like ordinary cherries, the coffee fruit is also a so-called stone fruit.

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