Market Dominance

3 words in this vocabulary list

noun a dominant person or thing

adjective exercising power or influence over others; most important, powerful, or influential

  • In the business world, having a dominant market position can lead to increased profits.
  • She's the dominant one in their relationship, always making decisions for both of them.
  • That team is dominant on the basketball court, they never lose a game.
  • Her dominant personality shines through in everything she does, commanding attention wherever she goes.

noun a person or company that has a monopoly on a particular market or industry

  • The monopolist controlled the entire market, setting prices as they pleased.
  • The monopolist had a tight grip on the market, dictating prices as they wanted.
  • That monopolist is raking in all the cash by dominating the market.
  • The monopolist was like a giant dragon hoarding all the treasure in the market.

noun a large South Korean conglomerate made up of various businesses and subsidiaries

  • The chaebol is a prominent feature of South Korea's economy, with major conglomerates dominating various industries.
  • My uncle works for a chaebol, so he has a stable job with good benefits.
  • I heard that chaebol heir is a real playboy, always partying and causing trouble.
  • In the corporate world, some people view the CEO as a chaebol, wielding immense power and influence.