Definition
The process where a market becomes dominated by a small number of large firms, often through mergers and acquisitions, leading to reduced competition.
Why it matters (in Poovi’s context)
Helps investors identify companies with strong competitive advantages that are likely to survive and thrive in the long term.
Key properties or components
- Reduction in the number of competitors over time
- Emergence of dominant market players
- Increased barriers to entry for new companies
Contradictions or debates
None.