Monopoly

Quick meaning: Monopoly is a noun meaning An exclusive control over the trade or production of a commodity or service through exclusive possession.

Meaning

An exclusive control over the trade or production of a commodity or service through exclusive possession.

More Meanings

1. The privilege granting the exclusive right to exert such control.
2. (metonymic) The market thus controlled.
3. (metonymic) The holder (person, company or other) of such market domination in one of the above manners.
4. 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.

Example Sentences

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

Ciudadanos is keen on fighting monopolies and on vigorous Scandinavian-style labour reforms to help the unemployed retrain and find jobs.

The sale of the leaves and roots was a Government monopoly, and from it the Kings of Kôr derived a large proportion of their private revenue.

It has jailed environmental activists and is planning to limit the power of judicial oversight by handing a state-approved body a monopoly over bringing environmental lawsuits.

Word Forms

• monopolies

Synonyms for monopoly

Depending on context, synonyms include monopolist.

Antonyms for monopoly

Common opposites include monopsony, polypoly.

Related Words

Related dictionary entries include monopolist, monopolization, monopolisation, monopolistic, cartel, patent.

Related Dictionary Tools