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- pronunciation:
- m
na
p
li
- features:
- Word Combinations (noun), Word Parts
| part of speech: |
noun |
| inflections: |
monopolies |
| definition 1: |
complete control over a service or commodity within a given market, so that competition is eliminated.
At that time, the telephone company had a monopoly over phone service in the entire region.- similar words:
- ascendancy, control, domination, exclusiveness, power
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| definition 2: |
a company that has such control.
The Standard Oil Company was a monopoly established by John D. Rockefeller.Anti-trust laws were instituted in order to inhibit the creation of monopolies. |
| definition 3: |
an exclusive privilege, granted by government, to carry on a particular business.
- similar words:
- contract, license, patent, power, privilege
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| definition 4: |
a market characterized by only one seller or regulated by a pricing agreement between sellers. (Cf. monopsony.)
- similar words:
- cartel, price fixing, trust
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| definition 5: |
possession of something to a degree surpassing what others possess or are able to acquire.
She's always had a monopoly on our mother's attention.He seems to think he has a monopoly on charm and wit. |
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