monopoly (Meaning)
monopoly (n)
(economics) a market in which there are many buyers but only one seller
exclusive control or possession of something
a board game in which players try to gain a monopoly on real estate as pieces advance around the board according to the throw of a die
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.
Synonyms & Antonyms of monopoly
No Synonyms and anytonyms found
monopoly Sentence Examples
- The company established a monopoly in the grocery industry, eliminating competition.
- The government introduced antitrust laws to prevent businesses from gaining a monopoly and stifling innovation.
- The monopolist controlled the market, setting prices and supply as it pleased.
- Consumers faced higher prices and reduced choice due to the company's monopoly.
- Small businesses were unable to compete with the monopoly's economies of scale.
- The monopoly exploited its power to extract excessive profits from customers.
- Breaking up a monopoly can promote competition and lower prices for consumers.
- The patent granted the company a temporary monopoly over the new technology.
- Natural monopolies arise when a single supplier can provide goods or services more efficiently than multiple suppliers.
- Regulation is often necessary to prevent monopolies from abusing their market dominance.
FAQs About the word monopoly
(economics) a market in which there are many buyers but only one seller, exclusive control or possession of something, a board game in which players try to gain
No synonyms found.
No antonyms found.
The company established a monopoly in the grocery industry, eliminating competition.
The government introduced antitrust laws to prevent businesses from gaining a monopoly and stifling innovation.
The monopolist controlled the market, setting prices and supply as it pleased.
Consumers faced higher prices and reduced choice due to the company's monopoly.
