monopoly

Meaning

The exclusive possession or control of the supply of or trade in a commodity or service.

exclusive control of a commodity or service in a particular market

Exclusive control over a market, product, or service.

Example Sentences

The company has a monopoly on electric car production.

The company has a monopoly on internet services in the area.

The company gained a monopoly over the mobile phone industry.

Example Expressions

hold a monopoly

Synonyms

domination, control, exclusivity, exclusive control, dominance, corner, cartel, ownership

Entry 1

domination, control, exclusivity

Entry 2

exclusive control, dominance, corner

Entry 3

control, domination, exclusivity, cartel, ownership

Antonyms

competition, free market, plurality, rivalry, diversity

Entry 1

competition, free market, plurality

Entry 2

competition, free market, rivalry

Entry 3

competition, diversity

Collocations

break monopoly, government monopoly, market monopoly, natural monopoly, state monopoly, create a monopoly

Entry 2

break monopoly, government monopoly, market monopoly

Entry 3

natural monopoly, state monopoly, create a monopoly