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monopoly

monopoly

148 4.9
Only one company sells and controls a product or service
  • noun
  • /məˈnɑːpəli/
  • Specialized
translation icon : monopolio
  • A great deal of the Muslim Brotherhood's strength lies in its near monopoly of influence in many countryside areas.
  • monopoly power
  • monopoly prices
  • break up a monopoly

And they're the ones who have the monopoly on force.

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Examples

  • Until 1950, the large companies enjoyed a virtual monopoly over the generation of electricity.

    Academic text (1999)
  • Historically, the king maintained a monopoly on the trade of spices to increase his wealth.

  • A monopoly on solar power.

  • The franchise has a monopoly on the entire market.

  • The goal is to break up land monopolies and promote rural development.

    Academic text (2008)
  • In Taiwan, Taipower is the sole power company and is a monopoly run by the state.

    Academic text (1990)
  • The government granted a monopoly to a single company to provide electricity to the entire region.

  • In the market for online video streaming, it seems that one platform holds a clear monopoly over all competitors.

Synonyms

exclusivity
vsmonopoly
  • Specialized
14 7.2

One company has the sole right to sell something in a place

describes dominant control of supply typically held by a single seller
corner
vsmonopoly
  • Jargon
8 9.1

Control of most of a product's supply to raise its price

denotes broad exclusive control not limited to temporary price manipulation

Antonyms

348 3.5

A range of different people or things

251 2.6

Businesses that try to get the same customers

Compounds

Play money with no real value or cash spent as if it means nothing

A square board with properties and spaces used to play Monopoly

How Exclusive

monopoly
  • Specialized
148 4.9
oligopoly
  • Specialized
2 9.6
duopoly
  • Specialized
4 8.2

Surface Forms

monopoly singular
monopolies plural

Etymology

The word monopoly comes from Greek parts mono- 'one' and polein 'to sell', so it originally meant 'one seller'. That's why a monopoly today is when one company controls the sale or supply of a product or service.