1. Noun
The exclusive power, or privilege of selling a commodity; the exclusive power, right, or privilege of dealing in some article, or of trading in some market; sole command of the traffic in anything, however obtained; as, the proprietor of a patented article is given a monopoly of its sale for a limited time; chartered trading companies have sometimes had a monopoly of trade with remote regions; a combination of traders may get a monopoly of a particular product.
2. Noun
Exclusive possession; as, a monopoly of land.
3. Noun
The commodity or other material thing to which the monopoly relates; as, tobacco is a monopoly in France.
4. Noun
A market controlled by one main seller.
A market structure in which a single supplier dominates the provision of a product or service.
“The regulator investigated the monopoly.”
5. Noun
(economics) a market in which there are many buyers but only one seller; "a monopoly on silver"; "when you have a monopoly you can ask any price you like"
Vocabulary classified under Business and finance
6. Noun
exclusive control or possession of something; "They have no monopoly on intelligence"
Vocabulary classified under Environmental science
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