See also: Monopoly
- (Received Pronunciation) enPR: mənŏ'pəlē", IPA(key): /məˈnɒpəˌli/
- (US) enPR: mənä'pəlē", IPA(key): /məˈnɑpəˌli/
Audio (US) (file)
monopoly (plural monopolies)
- 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.
2014 June 1, John Oliver, “Net Neutrality”, in Last Week Tonight with John Oliver, season 1, episode 5, HBO:
- Exactly! You can’t reduce the competition when nobody is competing! You could not be describing a monopoly more clearly if you were wearing a metal top hat while driving a metal car after winning second prize in a beauty contest!
- An exclusive control over the trade or production of a commodity or service through exclusive possession.
- A land monopoly renders its holder(s) nearly almighty in an agricultural society.
- The privilege granting the exclusive right to exert such control.
- 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.
- (metonymically) The market thus controlled.
- (metonymically) The holder (person, company or other) of such market domination in one of the the above manners.
- (holder): monopolist
situation of exclusive supply
privilege granting such control
market thus controled
holder of such control
- The translations below need to be checked and inserted above into the appropriate translation tables, removing any numbers. Numbers do not necessarily match those in definitions. See instructions at Help:How to check translations.
Translations to be checked
- monopoly in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913
- monopoly in The Century Dictionary, The Century Co., New York, 1911