monopoly

[muh-nop-uh-lee]
noun, plural monopolies.
1.
exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Compare duopoly, oligopoly.
2.
an exclusive privilege to carry on a business, traffic, or service, granted by a government.
3.
the exclusive possession or control of something.
4.
something that is the subject of such control, as a commodity or service.
5.
a company or group that has such control.
6.
the market condition that exists when there is only one seller.
7.
(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:
1525–35; < Latin monopōlium < Greek monopṓlion right of exclusive sale, equivalent to mono- mono- + pōl(eîn) to sell + -ion noun suffix

monopoloid, adjective
antimonopoly, adjective
premonopoly, noun, plural premonopolies, adjective
promonopoly, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
monopoly (məˈnɒpəlɪ)
 
n , pl -lies
1.  exclusive control of the market supply of a product or service
2.  a.  an enterprise exercising this control
 b.  the product or service so controlled
3.  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
4.  exclusive control, possession, or use of something
 
[C16: from Late Latin, from Greek monopōlion, from mono- + pōlein to sell]
 
mo'nopolism
 
n
 
mo'nopolist
 
n
 
monopo'listic
 
adj
 
monopo'listically
 
adv

Monopoly (məˈnɒpəlɪ)
 
n
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

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

monopoly
"exclusive control of a commodity or trade," 1530s, from L. monopolium, from Gk. monopolion "right of exclusive sale," from mono- (q.v.) + polein "to sell," from PIE base *pel- "to sell, purchase, barter, gain" (cf. Skt. panate "barters, purchases," Lith. pelnas "gain," O.C.S. splenu, Rus. polon "prey,
booty," O.N. falr, Du. veil, Ger. feil "for sale, venal"). The popular board game, invented by Charles Darrow, is from 1935. Monopoly money "unreal currency" is attested from 1972, in ref. to the game.
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Cultural Dictionary

monopoly definition


The exclusive control by one company of a service or product.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Example sentences
We have never made any such statement as he alleges about monopolies.
Redundancy and decentralization are our friends, and the enemies of tyrants and
  monopolies the world round.
Monopolies are the natural state of many businesses in highly-connected
  environments.
Until recently, newspapers were accustomed to operating as high-margin
  monopolies.
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