The meaning of MONOPOLY is exclusive ownership through legal privilege, command of supply, or concerted action; specifically : exclusive control of a particular market that is marked by the …

A monopoly (from Greek μόνος, mónos, 'single, alone' and πωλεῖν, pōleîn, 'to sell') is a market in which one person or company is the only supplier of a particular good or service.

Sep 26, 2025 · A monopoly is a market structure characterized by a single seller or producer that dominates an industry.

MONOPOLY definition: 1. (an organization or group that has) complete control of something, especially an area of…. Learn more.

monopoly (in/of/on something) (business) the complete control of trade in particular goods or the supply of a particular service; a type of goods or a service that is controlled in this way

MONOPOLY definition: exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. See examples of monopoly used in a …

If a company, person, or state has a monopoly on something such as an industry, they have complete control over it, so that it is impossible for others to become involved in it.

A monopoly implies an exclusive possession of a market by a supplier of a product or a service for which there is no substitute. In this situation the supplier is able to determine the price of the …

Dec 8, 2023 · What Is a Monopoly? A monopoly is a market where one business acts as the only supplier of a good or service.

A monopoly is a market where one firm (or manufacturer) is the sole supplier of certain goods or services. This firm faces no competition due to which it can set its own prices, thereby …