🏦monopoly

noun
/məˈnɒpəli/

Meaning

Exclusive control over a market, product, or service.
exclusive control of a commodity or service in a particular market
The exclusive possession or control of the supply of or trade in a commodity or service.

Example Sentences

The company gained a monopoly over the mobile phone industry.

The company has a monopoly on internet services in the area.

The company has a monopoly on electric car production.

Example Expressions

hold a monopoly

Synonyms

control, domination, exclusivity, cartel, ownership, exclusive control, dominance, corner
Entry 1
control, domination, exclusivity, cartel, ownership
Entry 2
exclusive control, dominance, corner
Entry 3
domination, control, exclusivity

Antonyms

competition, diversity, free market, rivalry, plurality
Entry 1
competition, diversity
Entry 2
competition, free market, rivalry
Entry 3
competition, free market, plurality

Collocations

natural monopoly, state monopoly, create a monopoly, break monopoly, government monopoly, market monopoly
Entry 1
natural monopoly, state monopoly, create a monopoly
Entry 2
break monopoly, government monopoly, market monopoly

Related Vocabularies

evidence or argument establishing a fact or the truth of a statement
the transfer of authority from central to local government; distribution of power
a tool with two or more prongs used for eating or serving food
A sudden event that causes great damage or loss of life.
The possibility of commercial success for a product or service
the action of mentioning or alluding to something

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