Oligopoly vs Competition - What's the difference?
oligopoly | competition |
An economic condition in which a small number of sellers exert control over the market of a commodity.
* {{quote-book
, year= 1866
, year_published=
, author= Frederic Seebohm
, by= (Thomas More)
, title= The Fortnightly Review
, url= http://books.google.com/books?id=p_9GAAAAcAAJ&pg=PA489
, original=
, chapter= More drawn into Court. His Introduction to the "Utopia" (1516).
, section= The Oxford Reformers of 1498.
, isbn=
, edition=
, publisher= Chapman and Hall
, location= London
, editor= George Henry Lewes
, volume= 6
, page= 489
, passage= For tho sheep are falling into few and powerful hands; and these, if they have not a monopoly, have at least an oligopoly , and can keep up the price.
}}
* {{quote-book
, year= 1895
, year_published=
, author=
, by= (Thomas More)
, title=
, url= http://books.google.com/books?id=6REuAAAAMAAJ&pg=PA55
, original=
, chapter= The Fyrste Boke
, section= Preliminary Matter from Robynson's Translation
, isbn=
, edition=
, publisher= Clarendon Press
, location= Oxford
, editor= Joseph Hirst Lupton
, volume=
, page= 55
, passage= [footnote 2] We have ' monopoly,' but not ' oligopoly ' (the sale by a few), and so cannot preserve the point of the sentence.
}}
* {{quote-book
, year= 1907
, year_published=
, author= G. Macloskie
, by=
, title= The Princeton Theological Review
, url= http://books.google.com/books?id=igPRAAAAMAAJ&pg=PA352
, original=
, chapter= General Literature
, section= Recent Literature
, isbn=
, edition=
, publisher= Princeton University Press
, location= Princeton
, editor=
, volume= 5
, page= 352
, passage= The specialist offices have it all to themselves; not a 'monopoly', but an 'oligopoly' , if we may coin the term.
}}
* {{quote-book, year=2006, author=
, title=Internal Combustion
, chapter=2 (label) The action of competing.
*
, title=(The Celebrity), chapter=8
, passage=The humor of my proposition appealed more strongly to Miss Trevor than I had looked for, and from that time forward she became her old self again;
(label) A contest for a prize or award.
The competitors in such a contest.
As nouns the difference between oligopoly and competition
is that oligopoly is an economic condition in which a small number of sellers exert control over the market of a commodity while competition is (label) the action of competing.oligopoly
English
(wikipedia oligopoly)Noun
(oligopolies)citation, passage=But through the oligopoly , charcoal fuel proliferated throughout London's trades and industries. By the 1200s, brewers and bakers, tilemakers, glassblowers, pottery producers, and a range of other craftsmen all became hour-to-hour consumers of charcoal. This only magnified the indispensable nature of the oligopolists.}}