Definition of Monopoly

1. Noun. (economics) a market in which there are many buyers but only one seller. "When you have a monopoly you can ask any price you like"

Generic synonyms: Market, Market Place, Marketplace
Category relationships: Economic Science, Economics, Political Economy
Specialized synonyms: Corner
Derivative terms: Monopolise, Monopolistic, Monopolize, Monopolize

2. Noun. Exclusive control or possession of something. "They have no monopoly on intelligence"

3. Noun. 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.
Generic synonyms: Board Game
Language type: Trademark

Definition of Monopoly

1. 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.

Definition of Monopoly

1. Proper noun. A board game in which players use play money to buy and trade properties, with the objective of forcing opponents into bankruptcy. ¹

2. Noun. 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. ¹

3. Noun. An exclusive control over the trade or production of a commodity or service through exclusive possession. ¹

4. Noun. The privilege granting the exclusive right to exert such control ¹

5. Noun. (metonymy) The market thus controlled ¹

6. Noun. (metonymy) The holder (person, company or other) of such market domination in one of the the above manners. ¹

¹ Source:

Definition of Monopoly

1. exclusive control of a commodity or service in a particular market [n -LIES]

Lexicographical Neighbors of Monopoly

Monod-Wyman-Changeux model
Monodon monoceros
Monomorium minimum
Monomorium pharaonis
Monongahela River
Mononychus olecranus
Monopoly (current term)
Monopoly money
Monotropa hypopithys
Monotropa uniflora
Monro's doctrine
Monro's foramen
Monro's line

Literary usage of Monopoly

Below you will find example usage of this term as found in modern and/or classical literature:

1. Principles of Economics by Frank William Taussig (1915)
"If not complete monopoly, a quasi- monopoly, enduring for a considerable time, is likely to appear wherever industry is conducted on a very large scale. ..."

2. Outlines of Economics by Richard Theodore Ely, Thomas Sewall Adams, Max Otto Lorenz, Allyn Abbott Young (1908)
"The area of monopoly is a topic that in an extended treatise would require ... We can narrow down the area of monopoly until nearly every producer of goods ..."

3. The Evolution of Modern Capitalism: A Study of Machine Production by John Atkinson Hobson (1907)
"The theory of monopoly prices. § 6. Control of prices in relation to classes of ... It remains to investigate the actual economic power which a "monopoly" ..."

4. Principles of Economics by Frank William Taussig (1921)
"But the distinction between rent and monopoly gains has also been drawn into ... In the first place, no returns are earmarked as monopoly gains or as rent; ..."

5. Cyclopedia of American Government by Andrew Cunningham McLaughlin, Albert Bushnell Hart (1914)
"But a sellers' monopoly which seeks by limiting supply to realize exceptional ... Also a buyers' monopoly which depresses the price of products (for which ..."

6. Principles of political economy and taxation by David Ricardo (1919)
"When a commodity is at a monopoly price, it is at the very highest price at which ... Commodities are only at a monopoly price, when by no possible device ..."

7. Introduction to Economics by John Roscoe Turner (1919)
"Motive in Competition and Monopoly.—Monopoly and competition are antonyms. ... Conversely, free competition means the absence of monopoly. ..."

8. Supreme Court Reporter by Robert Desty, United States Supreme Court, West Publishing Company (1911)
"This is shown by my Lord Coke's definition of monopoly as being "an institution ... It it illustrated also by the definition which Hawkins gives of monopoly ..."

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