monopoly

Meaning

1. 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.
2. An exclusive control over the trade or production of a commodity or service through exclusive possession.
3. The privilege granting the exclusive right to exert such control.
4. The market thus controlled.
5. The holder (person, company or other) of such market domination in one of the above manners.

Synonyms

patent

exclusive possession

specialty

cabal

cartel

coalition

combination

combine

conspiracy

copyright

©️

exclusive right

federation

hoardig

hoarding

knock

league

method

monopolist

monopolistic

move

organization

pick out

prerogative

proprietary

ridicule

single-handed

syndicate

trust

union

special occupation

principal occupation

organisation

proprietary articles

proprietary materials

alliance

subject of numerous patents

association

bloc

Pronounced as (IPA)

/məˈnɒpəli/

Etymology

From Latin monopōlium, from Ancient Greek μονοπώλιον (monopṓlion, “a right of exclusive sale”), from μόνος (mónos, “sole”) + πωλέω (pōléō, “I barter, sell”). By surface analysis, mono- + -poly.