SpellRight › Spelling
Uncommonmonopolies
The correct spelling is monopolies.
How to pronounce monopolies
noun
Say it like: Mon-opo-lee-s
The correct spelling is monopolies. 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… For example: "A land monopoly renders its holder(s) nearly almighty in an agricultural society."
Usage Examples
“A land monopoly renders its holder(s) nearly almighty in an agricultural society.”
“Granting monopolies in concession constitutes a market-conform alternative to taxation for the state, while the crown sometimes bestowed a monopoly as an outrageous gift.”
Definition
noun
- 1.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.
- 2.An exclusive control over the trade or production of a commodity or service through exclusive possession.
- 3.The privilege granting the exclusive right to exert such control.
- 4.(metonymy) The market thus controlled.
- 5.(metonymy) The holder (person, company or other) of such market domination in one of the above manners.
Similar words
Words related in meaning — check their spelling too.