The meaning of MONOPOLY is exclusive ownership through legal privilege, command of supply, or concerted action. How to use monopoly in a sentence. Did you know?

Dec 8, 2023 · What Is a Monopoly? A monopoly is a market where one business acts as the only supplier of a good or service. Companies that create monopolies dominate an industry to the …

Jun 21, 2024 · What Is a Monopoly? A monopoly is a market structure with a single seller or producer that assumes a dominant position in an industry or a sector. Monopolies are …

MONOPOLY definition: 1. (an organization or group that has) complete control of something, especially an area of…. Learn more.

A monopoly (from Greek μόνος, mónos, 'single, alone' and πωλεῖν, pōleîn, 'to sell') is a market in which one person or company is the only supplier of a particular good or service.

exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Compare duopoly, oligopoly. an exclusive privilege to carry on a …

monopoly (in/of/on something) (business) the complete control of trade in particular goods or the supply of a particular service; a type of goods or a service that is controlled in this way

MONOPOLY meaning: 1 : complete control of the entire supply of goods or of a service in a certain area or market; 2 : a large company that has a monopoly

Mar 14, 2025 · A monopoly implies an exclusive possession of a market by a supplier of a product for which there is no substitute. In perfect competition, a large number of small sellers supply a …

Oct 28, 2019 · Definition of monopoly. Diagram to illustrate effect on efficiency. Advantages and disadvantages of monopolies. Examples of good and bad monopolies. How they develop.