Dictionary

monopoly

noun mo·nop·o·ly \mə-ˈnä-p(ə-)lē\

: 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

plural mo·nop·o·lies

Full Definition of MONOPOLY

1
:  exclusive ownership through legal privilege, command of supply, or concerted action
2
:  exclusive possession or control
3
:  a commodity controlled by one party
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

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

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May 26, 2015
sacrilegious Hear it
grossly irreverent
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