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monopoly - Meaning and Examples

Meaning of 'monopoly' (Webster Dictionary)

1 . Monopoly [ n.]
- The exclusive power, or privilege of selling a commodity; the exclusive power, right, or privilege of dealing in some article, or of trading in some market; sole command of the traffic in anything, however obtained; as, the proprietor of a patented article is given a monopoly of its sale for a limited time; chartered trading companies have sometimes had a monopoly of trade with remote regions; a combination of traders may get a monopoly of a particular product.
- Exclusive possession; as, a monopoly of land.
- The commodity or other material thing to which the monopoly relates; as, tobacco is a monopoly in France.

Meaning of 'monopoly' (Princeton's WordNet)

1 . monopoly [ n]
Meaning (1):
- (economics) a market in which there are many buyers but only one seller
Example in sentence:
  • a monopoly on silver;
  • when you have a monopoly you can ask any price you like
Meaning (2):
- exclusive control or possession of something
Example in sentence:
  • They have no monopoly on intelligence

Nearby Words:

mon- mona monachal monachism monacid monad monadaria monadelphia monadelphian monadelphous

See 'monopoly' also in:

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Related Definitions

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    Monopoly capitalism is a form of capitalism in which huge amounts of accumulated capital within corporations give these organizations
  • Monopoly
    Monopoly is the control of a market by a single business firm.
  • Natural monopoly
    In some industries, economies of scale are so strong that it makes most economic sense for there to be only one supplier. This type of

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