English Lexicon

Market-Dominance

/ˈmɑːrkɪt ˈdɒmɪnəns/
nounCEFR C1 (Advanced)Top #1500 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    The state of having significant control or influence over a particular market or industry.

    "The company's market-dominance allowed it to set prices and dictate terms to suppliers."
  2. 2

    A situation where a single firm or a group of firms holds a substantial share of the market, limiting competition.

    "Regulators are concerned about the potential for market-dominance to stifle innovation."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'market-dominance' combines 'market', derived from the Latin 'mercatus' meaning 'trade' or 'marketplace', and 'dominance', from the Latin 'dominantia', meaning 'to rule' or 'to control'. The phrase evolved in the context of economics and business to describe a company's ability to control a significant share of a market.

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