Children's, Intermediate and Advanced Online English Dictionary & Thesaurus

  • Word of the Day
  • Vocabulary of the Day
May
27
2015

monopoly

m@ na p@ li

noun
definition 1:  complete control over a service or commodity within a given market, so that competition is eliminated.
example:  At that time, the telephone company had a monopoly over phone service in the entire region.
example:  The law prevented the company from gaining a monopoly.

definition 2:  a company that has such control.
example:  The Standard Oil Company was a monopoly established by John D. Rockefeller.
example:  Anti-trust laws were instituted in order to inhibit the creation of monopolies.

definition 3:  possession of something to a degree surpassing what others possess or are able to acquire.
example:  She’s always had a monopoly on our mother’s attention.
example:  He seems to think he has a monopoly on charm and wit.

See full entry

Collocations:    Words often used in combination with the noun monopoly

ADJECTIVE  + monopoly:    absolute ~ , entrenched ~ ,  lucrative ~ , profitable ~ , unregulated ~ , regulated ~ , governmental ~ , legal ~ , protected ~ , domestic ~ , regional ~ , existing ~ , alleged ~ , near ~ , virtual ~

VERB + monopoly:    acquire ~ , gain ~ , create ~ ,  have ~ , possess ~ , maintain ~ , retain ~ ,  enjoy ~ , protect ~ , challenge ~ , curb ~ , regulate ~ , dismantle ~ , dissolve ~ , break up ~ , abolish ~