Definition, Meaning & Synonyms
dominant-position
noun
/ˈdɒmɪnənt pəˈzɪʃən/
Definition
A dominant position refers to a situation in which a company or entity has the ability to control or influence the market, typically due to its size, market share, or resources.
Examples
- The company held a dominant position in the technology sector, making it difficult for new startups to compete.
- Firms in a dominant position often set the standard for prices and innovation in their industry.
- Regulators monitor firms to prevent abuse of a dominant position that harms consumers.
Meaning
The state of having significant power and influence over a specific area or market, often leading to reduced competition.
Synonyms
- Leading role
- Majority share
- Prevailing stance
- Controlling interest
