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monopoly

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noun, mo·nop·o·ly \mə-ˈnä-p(ə-)lē\

Simple Definition of monopoly

  • : complete control of the entire supply of goods or of a service in a certain area or market

  • : a large company that has a monopoly

  • : complete ownership or control of something

Source: Merriam-Webster's Learner's Dictionary

Full Definition of monopoly

plural monopolies

  1. 1 :  exclusive ownership through legal privilege, command of supply, or concerted action

  2. 2 :  exclusive possession or control

  3. 3 :  a commodity controlled by one party

  4. 4 :  one that has a monopoly

Examples of monopoly in a sentence

  1. The government passed laws intended to break up monopolies.



Origin of monopoly

Latin monopolium, from Greek monopōlion, from mon- + pōlein to sell


First Known Use: 1534


MONOPOLY Defined for Kids

monopoly

play
noun mo·nop·o·ly \mə-ˈnä-pə-lē\

Definition of monopoly for Students

plural monopolies

  1. 1 :  complete ownership or control of the entire supply of goods or a service in a certain market

  2. 2 :  a person or group having complete control over something <The laws are intended to prevent monopolies.>

  3. 3 :  complete ownership or control of something <He thinks he has a monopoly on the truth.>




Law Dictionary

monopoly

play
noun mo·nop·o·ly \mə-ˈnä-pə-lē\

Legal Definition of monopoly

plural monopolies

  1. 1 :  exclusive control of a particular market that is marked by the power to control prices and exclude competition and that especially is developed willfully rather than as the result of superior products or skill — see also antitrust, Sherman Antitrust Act

  2. 2 :  one that has a monopoly





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