corner the market
The phrase "corner the market" is often used in finance and business to describe a situation where a person or entity gains significant control over a particular market, influencing its prices and supply.
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Definition
C1Business
(idiomatic, common)To gain control over a market by acquiring a dominant share, often to manipulate prices or limit competition.
Example
- The company tried to corner the market by buying up all available stocks of the commodity.
- He managed to corner the market in rare books, making it difficult for others to compete.
C1Finance
(idiomatic, technical)To monopolize a resource or commodity to influence its market price and availability.
Example
- Investors attempted to corner the market in silver, driving up prices significantly.
- By cornering the market, they could set higher prices for the goods.
Similar
Terms that have similar or relatively close meanings to "corner the market":
buy upcurb marketprice out of the marketturn the cornerturn a profit