monopoly

Speech parts

1. monopoly - Noun

2. Monopoly - Proper noun

Meaning

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.

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Examples

They 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

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