Cornering the market

Cornering the market,

Definition of Cornering the market:

  1. Situation where an individual, firm, or cartel controls the supply of a commodity and dictates its price. Because cornering is often ruthless in its anti-social behavior, governments enact anti-monopoly or anti-trust laws to prevent its occurrence. Attempts to corner a market, however, do not usually last long because high prices encourage people to unearth the untapped supplies and create substitutes which break the corner. See also Black Friday.

Meaning of Cornering the market & Cornering the market Definition