monopoly
/mΙΛnΙpΙΛli/
B2 Β· Upper Int.β
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Simple Meaning
when one company or person controls all or most of a business or service.
When to Use
πBusiness Englishπ°News & MediaπExam Vocabulary
Upper Intermediate β fluent in familiar topics
Examples in Conversation
βThe company has a monopoly on internet service in this area.β
βLet's play Monopoly tonight β I'll be the banker.β
Learning Path
βΆFull Definition
A situation, by legal privilege or other agreement, in which solely one party (company, cartel etc.) exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it.
Related Words
Synonyms:
controldominancecorner
Antonyms:
competitionfree market
Word Family:
monopolizemonopolisticmonopolies