(economics) a market in which there are many buyers but only one seller
"a monopoly on silver"; "when you have a monopoly you can ask any price you like"
exclusive control or possession of something
"They have no monopoly on intelligence"
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
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.
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
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
The market thus controlled
The holder (person, company or other) of such market domination in one of the the above manners.
A board game in which players use play money to buy and trade properties, with the objective of forcing opponents into bankruptcy.
Origin: From monopolium, from μονοπώλιον, from μόνος + πωλέω.
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
Origin: [L. monopolium, Gr. , ; mo`nos alone + to sell.]
A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity. Monopolies are thus characterized by a lack of economic competition to produce the good or service and a lack of viable substitute goods. The verb "monopolize" refers to the process by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge high prices. Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry. A monopoly is distinguished from a monopsony, in which there is only one buyer of a product or service; a monopoly may also have monopsony control of a sector of a market. Likewise, a monopoly should be distinguished from a cartel, in which several providers act together to coordinate services, prices or sale of goods. Monopolies, monopsonies and oligopolies are all situations such that one or a few of the entities have market power and therefore interact with their customers, suppliers and the other companies in ways that leave market interactions distorted.
The Foolish Dictionary, by Gideon Wurdz
A modern device for impoverishing others. From Grk. _monux_, swift-footed, and _polloi_, the people. A swift kick for the people.
British National Corpus
Rank popularity for the word 'monopoly' in Nouns Frequency: #1753
The numerical value of monopoly in Chaldean Numerology is: 6
The numerical value of monopoly in Pythagorean Numerology is: 8
Images & Illustrations of monopoly
Translations for monopoly
From our Multilingual Translation Dictionary
- monopoliCatalan, Valencian
- monopol, postavení, monopolníCzech
- monopol, monopolistDanish
- aon-mhargadh, lèir-shealbhachdScottish Gaelic
- 独り占め, 独占Japanese
- alleenbezit, alleenrecht, monopolie, monopolistDutch
- sự độc quyềnVietnamese
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