Cornering the market

By:
Updated: Aug 20, 2021

A person corners a market when he obtains a virtual monopoly over the supply of particular goods or services. He is then able to name his own price. In the past this sometimes happened to the market in raw materials. Markets may be cornered for a short term or a person may make a fortune by controlling the supply of a particular raw material for an unlimited period. The possibilities are now somewhat restricted by state intervention.

Reference: The Penguin Business Dictionary, 3rd edt.



Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.