Definition of monopoly
1 : exclusive ownership through legal privilege, command of supply, or concerted action
2 : exclusive possession or control no country has a monopoly on morality or truth — Helen M. Lynd
3 : a commodity controlled by one party had a monopoly on flint from their quarries — Barbara A. Leitch
4 : one that has a monopoly The government passed laws intended to break up monopolies.
Examples of monopoly in a Sentence
The government passed laws intended to break up monopolies.
Origin and Etymology of monopoly
Latin monopolium, from Greek monopōlion, from mon- + pōlein to sell
First Known Use: 1534
MONOPOLY Defined for English Language Learners
Definition of monopoly for English Language Learners
: 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
MONOPOLY Defined for Kids
Definition of monopoly for Students
1 : complete ownership or control of the entire supply of goods or a service in a certain market
2 : a person or group having complete control over something The laws are intended to prevent monopolies.
3 : complete ownership or control of something He thinks he has a monopoly on the truth.
Legal Definition of monopoly
Seen and Heard
What made you want to look up monopoly? Please tell us where you read or heard it (including the quote, if possible).