Oligopolistic
Adjectiveअल्पविक्रेता
Definition
Relating to a market situation in which there are few sellers or suppliers of a commodity or service.
Contextual Sentence: "The oligopolistic nature of the telecom industry in India has led to concerns over high prices and limited competition."
💡 Memory Hook (Mnemonic): Think of 'oligo' (few) + 'polistic' (market) – like a market with few sellers.
Synonyms
oligopoly
dominant-firm
concentrated market
Antonyms
competitive
monopolistic
free-market