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🇰🇷Korean Source WordCode: KO

시장 지배력

Pronunciation / Transliteration: sijang jibaeryeok

🇬🇧 Direct English Meaning:
Market power/ˈmɑːr.kɪt ˈpaʊ.ɚ/
nounCEFR C1 (Advanced)Top #14500 frequency
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🇰🇷 Example Sentence in Korean:

"독과점 기업은 남다른 시장 지배력을 가지고 있습니다."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    The ability of a firm to raise and maintain a price above the level that would prevail under perfect competition without losing all its customers.

    "Antitrust regulators closely monitor the tech giant's market power to prevent unfair competitive practices."
  2. 2

    The degree of control that a buyer or seller can exert over the terms and conditions of exchange in a particular market.

    "Monopsony buyers often exercise significant market power to drive down supplier costs."
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Thesaurus & Semantic Spectrum

Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term combines 'market', originating from the Latin 'mercatus' (trade, marketplace), and 'power', derived from the Latin 'potere' (to be able) via Old French 'pouoir'. It emerged in modern economic discourse during the mid-20th century, particularly within industrial organization theory and antitrust economics, to describe a firm's ability to profitably influence market prices.

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