entry
oligopoly
/ˌɒlɪˈɡɒpəli/market controlled by a few sellers
From Greek oligo (few) + Greek poly / pōlein (to sell).
from Greek oligos "little, small," in plural, "the few" (a word of uncertain origin) + pōlein "to sell" (from PIE root...
from Medieval Latin oligopolium
from Medieval Latin oligopolium
Word Ancestry
from Greek oligos "little, small," in plural, "the few" (a word of uncertain origin) + pōlein "to sell" (from PIE root...
from Medieval Latin oligopolium
from Medieval Latin oligopolium
Here’s the neat trick: this word is basically market geometry. In 1887, economists had a problem that was neither full competition nor outright monopoly, so they reached for Greek scraps and built a label for a world with only a few sellers elbowing for space. The first piece, oligo-, means “few,” while the selling piece is the same ancient commercial root that helps build monopoly — one seller — except here the crowd is tiny, not single. That’s why the word feels so clinical: it sounds like a laboratory term, but it’s really the language of a street corner where three gas stations glare at each other and quietly keep prices polite. Remember it as the market where “many” got fired and “one” wasn’t hired, so only a few stayed on the payroll.
The Story
Here’s the neat trick: this word is basically market geometry. In 1887, economists had a problem that was neither full competition nor outright monopoly, so they reached for Greek scraps and built a label for a world with only a few sellers elbowing for space. The first piece, oligo-, means “few,” while the selling piece is the same ancient commercial root that helps build monopoly — one seller — except here the crowd is tiny, not single. That’s why the word feels so clinical: it sounds like a laboratory term, but it’s really the language of a street corner where three gas stations glare at each other and quietly keep prices polite. Remember it as the market where “many” got fired and “one” wasn’t hired, so only a few stayed on the payroll.
Kin & Kindred
From 'oligo'·few, small
Derived Terms
English words from this root
From 'poly / pōlein'·to sell
Derived Terms
English words from this root
Sources
Free Dictionary
Urban Dictionary