Monopoly Power

2 words in this vocabulary list

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.

noun a corner (refers to a physical space or a market advantage)

verb have/get (action words indicating possession or acquisition)

preposition on (shows the relationship between 'have/get' and 'a corner')

  • The company was able to have a corner on the market due to their innovative product.
  • I think we can get a corner on this project if we work together efficiently.
  • Once we figure out the new software, we'll totally have a corner on it.
  • She seemed to have a corner on his heart, as he couldn't stop thinking about her.