1. monopoly - Noun
2. Monopoly - Proper noun
The exclusive power, or privilege of selling a commodity; the exclusive power, right, or privilege of dealing in some article, or of trading in some market; sole command of the traffic in anything, however obtained; as, the proprietor of a patented article is given a monopoly of its sale for a limited time; chartered trading companies have sometimes had a monopoly of trade with remote regions; a combination of traders may get a monopoly of a particular product.
Exclusive possession; as, a monopoly of land.
The commodity or other material thing to which the monopoly relates; as, tobacco is a monopoly in France.
Source: Webster's dictionaryThey have no monopoly on intelligence Source: Internet
a monopoly on silver Source: Internet
when you have a monopoly you can ask any price you like Source: Internet
1991: Move to a multiparty state Growing opposition to UNIP's monopoly on power led to the rise in 1990 of the Movement for Multiparty Democracy (MMD). Source: Internet
Above all, if some public goods are provided by the state, he believed that they should not be a legal monopoly where private competition is prohibited; for example, he wrote: There is no way to justify our present public monopoly of the post office. Source: Internet
Additionally, misallocation of resources would naturally ensue by redirecting capital away from individuals with direct knowledge and circumventing it into markets where a coercive monopoly influences behavior, ignoring market signals. Source: Internet