Pronunciation: /məˈnɑːpəli/

Definitions of monopoly

noun a company or group having exclusive control

Example Sentences

A1 A monopoly is when one company has complete control over a particular product or service.

A2 The government regulates monopolies to prevent unfair competition.

B1 The company was accused of creating a monopoly in the market by buying out all its competitors.

B2 The monopoly of the tech giant has raised concerns about consumer choice and innovation.

C1 Antitrust laws are in place to prevent companies from forming monopolies that harm consumers.

C2 The company's monopoly in the industry has led to calls for stricter regulations to promote fair competition.

Examples of monopoly in a Sentence

formal The company was accused of engaging in anti-competitive practices to maintain its monopoly in the market.

informal I heard that company has a monopoly on that product, they're the only ones selling it.

slang That company totally monopolizes the industry, it's unfair to the smaller businesses.

figurative His ego had a monopoly on the conversation, not letting anyone else get a word in.

Grammatical Forms of monopoly

past tense

monopolized

plural

monopolies

comparative

more monopolistic

superlative

most monopolistic

present tense

monopolizes

future tense

will monopolize

perfect tense

has monopolized

continuous tense

is monopolizing

singular

monopoly

positive degree

monopoly

infinitive

to monopolize

gerund

monopolizing

participle

monopolized

Origin and Evolution of monopoly

First Known Use: 1250 year
Language of Origin: Greek
Story behind the word: The word 'monopoly' originated from the Greek words 'monos' meaning 'alone' and 'polein' meaning 'to sell'.
Evolution of the word: Originally used to describe exclusive control of a commodity or service in a market, the term 'monopoly' has evolved to encompass various forms of market dominance or exclusive rights granted by a government.