market dominance vs market power

Both 'market dominance' and 'market power' are correct phrases used in the context of economics and business. They refer to the ability of a company to control a significant portion of the market. While 'market dominance' emphasizes the company's leading position in the market, 'market power' focuses on the ability to influence market outcomes. The choice between the two depends on the specific aspect of market control being discussed.

Last updated: March 24, 2024

market dominance

This phrase is correct and commonly used in economics and business contexts to refer to a company's leading position in a market.

It refers to the situation where a company has a significant share of the market compared to its competitors, giving it a competitive advantage.

Examples:

The company achieved market dominance through strategic acquisitions.
Their market dominance allowed them to set prices in the industry.

Alternatives:

market leadership
dominant market position
market control
market supremacy
market hegemony

market power

This phrase is correct and commonly used in economics and business contexts to describe a company's ability to influence market outcomes.

It refers to the ability of a company to control prices, supply, and other factors in the market, often leading to monopolistic practices.

Examples:

The company's market power allowed it to dictate terms to suppliers.
Regulators are concerned about the company's excessive market power.

Alternatives:

market influence
market control
market leverage
market clout
market authority

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market dominance vs market power