#MONOPOLY DEFINITION FREE#

In more established business sectors, the collapse of a large concern can leave the only rival in a monopoly position. The company has gained/acquired a (virtual/near) monopoly of/on/over the logging industry in this area. count a : complete control of the entire supply of goods or of a service in a certain area or market. More common in recent times has been the innovative company whose offering has become hugely popular and, because of patent or copyright protection, it faces no competition in this field. A monopoly (from Greek, mnos, 'single, alone' and, plen, 'to sell'), as described by Irving Fisher, is a market with the 'absence of competition', creating a situation where a specific person or enterprise is the only supplier of a particular thing. Britannica Dictionary definition of MONOPOLY.

#MONOPOLY DEFINITION FREE#

What you need to know about monopolies.ДЄ monopoly can arise for several reasons, the most obvious being that the business concerned has been granted a licence by the state giving it sole rights over a product or service. Find 17 ways to say MONOPOLY, along with antonyms, related words, and example sentences at, the world's most trusted free thesaurus. Politicians will promise to get to grips with any alleged monopolies said to be abusing their position to over-charge consumers or to shut out other businesses. A market condition wherein only one seller is present.

A company or organization that holds this kind of control. Investors following the latest takeover bids will frequently hear of 'monopoly concerns' about the likely effect of the proposed tie-up on competition in a market economy. The exclusive control over a commodity or service in a specific market, or the kind of control that allows for manipulating prices. Governments across the world have legislated to ban, break up or regulate monopolies. A monopoly describes a situation in which a company is either the sole supplier of a product or service or one of a small number of such suppliers.

Monopoly definition