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.

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.

monopoly

¹

/ məˈnɒpəlɪ /

noun

1. exclusive control of the market supply of a product or service

2. 1. an enterprise exercising this control

   2. 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

Monopoly

²

/ məˈnɒpəlɪ /

noun

1. 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

monopoly

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

Other Word Forms

• monopoloid adjective
• antimonopoly adjective
• premonopoly noun
• promonopoly adjective
• monopolism noun
• monopolistic adjective
• monopolist noun
• monopolistically adverb

Word History and Origins

Origin of monopoly¹

First recorded in 1525–35; from Latin monopōlium, from Greek monopṓlion “right of exclusive sale,” from mono- mono- + pōl(eîn) “to sell” + -ion, noun suffix

Word History and Origins

Origin of monopoly¹

C16: from Late Latin, from Greek monopōlion, from _mono- + pōlein to sell

Example Sentences

In the modern internet era, few monopoly cases have been as closely scrutinised in Silicon Valley - and beyond - as the US government's landmark case challenging Google's dominance in online search.

From BBC

He found that Google had operated as an illegal monopoly and engaged in anticompetitive practices in violation of the Sherman Act.

From Salon

The highly-watched decision came after a three-week hearing that concluded in May, in which lawyers for the U.S. government and Google argued over how to fix the tech giant’s search monopoly.

From Los Angeles Times

Last year, Judge Mehta ruled that Google had used unfair methods to establish a monopoly over the online search market, actively working to maintain a level of dominance to the extent it broke US law.

From BBC

The trial lasted 42 days and a jury found the NFL was an 'illegal monopoly'.

From BBC

Related Words

• cartel 
• holding 
• ownership 
• patent 
• trust 

When To Use

How much money do you start with in Monopoly?

In Monopoly, the money comes in denominations of $1 (white in color) to $500 (gold or orange). Each player starts with $1,500, as distributed and managed by the game’s designated banker.The $1,500 consists of 2 $500 bills, 2 $100 bills, and 2 $50 bills. It also includes 6 $20 bills; 5 $10 bills, 5 $5 bills, and 5 $1 bills.