monopoly

Definition

• n. (economics) a market in which there are many buyers but only one seller
• n. exclusive control or possession of something
• n. a board game in which players try to gain a monopoly on real estate as pieces advance around the board according to the throw of a die

Word forms

Plural

monopolies

Example sentences

1. n.

   The company has a monopoly on the production of electric cars in the region.

2. n.

   The government is concerned about the monopoly that the tech giant holds over the market.