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WordReference Random House Learner's Dictionary of American English © 2024mo•nop•o•ly /məˈnɑpəli/USA pronunciation n., pl. -lies. - Businessthe exclusive and complete control (as by a business) of a product, service, or invention that makes it possible to control prices: [uncountable]the power of monopoly over the oil industry.[countable]a virtual monopoly of machinery.
- the exclusive possession or control of something:[countable]He doesn't have a monopoly on brain power.
- Business a company or group that has such control:[countable]He ran a monopoly in the shipping business.
mo•nop•o•list, n. [countable] mo•nop•o•lis•tic, adj. mo•nop•o•li•za•tion /məˌnɑpəlɪˈzeɪʃən/USA pronunciation n. [uncountable]the monopolization of his attentions. WordReference Random House Unabridged Dictionary of American English © 2024mo•nop•o•ly (mə nop′ə lē),USA pronunciation n., pl. -lies. - Businessexclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Cf. duopoly, oligopoly.
- Businessan exclusive privilege to carry on a business, traffic, or service, granted by a government.
- the exclusive possession or control of something.
- something that is the subject of such control, as a commodity or service.
- Businessa company or group that has such control.
- Businessthe market condition that exists when there is only one seller.
- Games(cap.) 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.
- Greek monopó̄lion right of exclusive sale, equivalent. to mono- mono- + pōl(eîn) to sell + -ion noun, nominal suffix
- Latin monopōlium
- 1525–35
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