Monopoly meaning

mə-nŏpə-lē
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The domination of a commercial market by only one supplier, worldwide or in a particular region.
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Monopoly is defined as being the only one in a given market selling a specific product, or having exclusive control over a certain thing, or the trade mark of a board game where the aim is to buy properties on the board and then build hotels on those properties.

An example of monopoly is when one company is the only provider of phone service in the area.

An example of monopoly is when you say a cat is the only pet that can be aloof.

An example of monopoly is the phone company who is the only provider of phone service in an area.

An example of Monopoly is a board game.

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Exclusive control of a commodity or service in a given market, or control that makes possible the fixing of prices and the virtual elimination of free competition.
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Something that is held or controlled as a monopoly.
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A company or combination that has a monopoly.
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A game played on a special board by two or more players: they move according to the throw of dice, engaging in mock real-estate transactions with play money.
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A condition in which a single company is the exclusive manufacturer of a product or provider of a service or controls an entire industry, thereby allowing the company to fix prices. A monopolistic condition can arise when a company invents and patents a product that is so compelling that an entire industry builds up around it. If the company continues to develop and patent further versions of the product, it can extend that monopolistic condition, perhaps acquiring or overwhelming competitors. Natural monopoly, a concept developed by political economist John Stuart Mill (1806
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A situation, by legal privilege or other agreement, in which solely one party (company, cartel etc.) exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it.
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An exclusive control over the trade or production of a commodity or service through exclusive possession.

A land monopoly renders its holder(s) nearly almighty in an agricultural society.

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The privilege granting the exclusive right to exert such control.

Granting monopolies in concession constitutes a market-conform alternative to taxation for the state, while the crown sometimes bestowed a monopoly as an outrageous gift.

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(metonymically) The market thus controlled.
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(metonymically) The holder (person, company or other) of such market domination in one of the the above manners.
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A board game in which players use play money to buy and trade properties, with the objective of forcing opponents into bankruptcy.
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Exclusive control by one group of the means of producing or selling a commodity or service.
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Origin of monopoly

  • Latin monopōlium from Greek monopōlion mono- mono- pōlein to sell pel-4 in Indo-European roots

    From American Heritage Dictionary of the English Language, 5th Edition