name, noun ·Moderate ·College level
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"The sale of the leaves and roots was a Government monopoly, and from it the Kings of Kôr derived a large proportion of their private revenue."
"A land monopoly renders its holder(s) nearly almighty in an agricultural society."
"Granting monopolies in concession constitutes a market-conform alternative to taxation for the state, while the crown sometimes bestowed a monopoly as an outrageous gift."
"I was playing Monopoly with my friends at 12:00am last night."
"The company has a monopoly on the nation's tobacco business."
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.
Common synonyms include: a corner on, arrest, arrestation, bear raid, bingo, board game.
The company has a monopoly on the nation's tobacco business.
Pronounced /məˈnɒpəli/.
From Latin monopōlium, from Ancient Greek μονοπώλιον (monopṓlion, “a right of exclusive sale”), from μόνος (mónos, “sole”) + πωλέω (pōléō, “I barter, sell”). By surface analysis, mono- + -poly.
See monopoly.