Word of the day

The word for today is…

oligopoly (noun) – A market condition in which sellers are so few that the actions of any one of them will materially affect price and have a measurable impact on competitors.

Source : The Free Dictionary

Etymology : 1887, from Medieval Latin oligopolium, from Greek oligos “little, small,” in plural, “the few” + polein “to sell” (from PIE root *pel- “to sell.”).

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