oligopoly vs monopoly
Definitions
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
Examples
AMERICAN IDIOTS yahooBuzzArticleHeadline = 'AMERICAN IDIOTS'; yahooBuzzArticleSummary = 'Article: The American people\'s ignorance, stupidity, and disinterest in the governance of this nation have allowed an oligopoly of politicians, bankers, and powerful corporations to seize control of the country and loot its riches for their personal gain.
For the record, oligopsony is the flip side of oligopoly, that is, a small number of buyers, in this case, of labor services.
This divestiture created an affiliated-unaffiliated oligopoly market structure for recorded music.
Definitions
noun
- a board game in which players try to gain a monopoly on real estate as pieces advance around the board according to the throw of a die
Examples
One might think that having a baseline regulated industry (cable TV or telephone service) over which the wire base has been amortized and out of which the cost of upkeep are paid, that a government-regulated monopoly might be put in the position of offering wholesale access to competitors on a level playing field.
The monopoly in politics, or bossism, may possibly be abolished by direct legislation or by proportional representation.
Monopoly is Hasbro's largest selling board game with 1.5m games sold per year.
