oligopolistic
UK[ˌɒlɪɡəˈpɒlɪstɪk]US[ˌɑːlɪɡəˈpɑːlɪstɪk]
adj
Relating to or characteristic of an oligopoly, a market structure in which a small number of firms control the supply of a particular product or service and can influence prices.
Morpheme Breakdown
oligo
pol
istic
oligo
few
pol
seller
istic
adjective-forming suffix
Etymology
The word 'oligopolistic' is built upon the foundation of 'oligopoly,' which itself is a modern economic term coined in the early 20th century. It directly combines two ancient Greek roots: oligos (few) and pōlein (to sell), creating the core concept of "few sellers." This structure is analogous to 'monopoly' (one seller) and stands in contrast to 'poly' (many) in 'polypoly.' The suffix '-istic,' via Latin, is then appended to transform the noun into an adjective, describing the conditions or behaviors pertaining to such a market. Thus, the term's logic moves from the literal Greek components for "few sellers" to the abstract modern economic model of concentrated market control.
Analysis
Structure: oligo (few) + pol (seller) + istic (adjective-forming suffix)
- oligo: From Greek oligos, meaning "few, small, scanty." Acts as a combining form in English.
- pol: From Greek pōlein, meaning "to sell." Acts as a bound root in this word, derived from polein (to sell).
- istic: A suffix of Greek and Latin origin (-istikos, -isticus) used to form adjectives meaning "of, relating to, or characteristic of."
Examples
The market for commercial aircraft is highly oligopolistic, dominated by just two major manufacturers.
Regulators are concerned about the oligopolistic practices that keep prices artificially high.
An oligopolistic industry often features intense non-price competition, such as advertising and product differentiation.