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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

Full Definition of monopoly

plural mo·nop·o·lies

  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

  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



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