monopolies
Meaning
plural of monopoly
monopoly
- 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.
- An exclusive control over the trade or production of a commodity or service through exclusive possession.
- The privilege granting the exclusive right to exert such control.
- (metonymically) The market thus controlled.
- (metonymically) The holder (person, company or other) of such market domination in one of the above manners.
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