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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"
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"
Derivative terms: Monopolise, Monopolist, Monopolize, Monopolize
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.
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: wiktionary.com
Definition of Monopoly
1. exclusive control of a commodity or service in a particular market [n -LIES]