- 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 business, traffic, or service, granted by a government.
- the exclusive possession or control of something.
- something that is the subject of such control, as a commodity or service.
- a company or group that has such control.
- the market condition that exists when there is only one seller.
- (initial capital letter) a board game in which a player attempts to gain a monopoly of real estate by advancing around the board and purchasing property, acquiring capital by collecting rent from other players whose pieces land on that property.
Origin of monopoly
Examples from the Web for monopoly
Most of the vendors were, like this woman, honorary Jews for the night, not that Jews have a monopoly on potato pancakes.I Ate Potato Pancakes Til I Plotzed
December 17, 2014
Mattson says the government bogarts this stuff, gathered at taxpayer expense, and maintains “a monopoly on the data.”What It Takes to Kill a Grizzly Bear
November 23, 2014
Ma wrote online, “Let the users decide who wins the game, not monopoly and power.”Alibaba’s Dark Side: Censoring Customers
November 18, 2014
These cases are part of the monopoly moment that we are in right now.The Supreme Court Is Weighing Corporate Power Yet Again
October 17, 2014
For nearly two thousand years, religious groups have held a monopoly on how to teach morals to young children.Are You There, Nobody? It’s Me, Margaret
October 12, 2014
It reveals the fact that America has no monopoly of racial amalgamation.Mountain Meditations
The learned and the studious of thought have no monopoly of wisdom.Essays, First Series
Ralph Waldo Emerson
Daring, courage, virtue—there is no monopoly of these things.Cyropaedia
Any deduction from this monopoly must bring down her rival in proportion to this deduction.Patrick Henry
Moses Coit Tyler
Don't think that you and a select few have a monopoly of all truth and wisdom.Three Addresses to Girls at School
James Maurice Wilson
- exclusive control of the market supply of a product or service
- an enterprise exercising this control
- the product or service so controlled
- law the exclusive right or privilege granted to a person, company, etc, by the state to purchase, manufacture, use, or sell some commodity or to carry on trade in a specified country or area
- exclusive control, possession, or use of something
- trademark a board game for two to six players who throw dice to advance their tokens around a board, the object being to acquire the property on which their tokens land
Word Origin and History for monopoly
"exclusive control of a commodity or trade," 1530s, from Latin monopolium, from Greek monopolion "right of exclusive sale," from mono- + polein "to sell," from PIE root *pel- (5) "to sell" (cf. Sanskrit panate "barters, purchases," Lithuanian pelnas "gain," Old Church Slavonic splenu, Russian polon "prey, booty," Old Norse falr, Dutch veil, German feil "for sale, venal").
Alternative form monopole (1540s, from the Old French form of the word) was common in 16c. The popular board game, invented by Charles Darrow, is from 1935. Monopoly money "unreal currency" is attested from 1972, in reference to the paper used in the game.
The exclusive control by one company of a service or product.