monopoly
pronunciation
How to pronounce monopoly in British English:
UK [məˈnɒpəli]
How to pronounce monopoly in American English:
US [məˈnɑːpəli]
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- Noun:
- (economics) a market in which there are many buyers but only one seller
- exclusive control or possession of something
Word Origin
- monopoly (n.)
- "exclusive control of a commodity or trade," 1530s, from Latin monopolium, from Greek monopolion "right of exclusive sale," from mono- + polein "to sell," from PIE root *pel- (5) "to sell" (cognates: Sanskrit panate "barters, purchases," Lithuanian pelnas "gain," Old Church Slavonic splenu, Russian polon "prey, booty," Old Norse falr, Dutch veil, German feil "for sale, venal"). Alternative form monopole (1540s, from the Old French form of the word) was common in 16c. The popular board game, invented by Charles Darrow, is from 1935. Monopoly money "unreal currency" is attested from 1972, in reference to the paper used in the game.
Synonym
Example
- 1. That shows apple ( aapl ) and samsung don 't have a monopoly on consumer tastes .
- 2. Since copyright law gives record labels and publishers a government-granted monopoly , no such option is possible with music .
- 3. The existing oligarchy used its monopoly power to under-invest in facilities , infrastructure and service , " he writes .
- 4. As friedman said , " no businessman has money to spend on social responsibility unless he has monopoly power .
- 5. Spend billions from your monopoly profits and strongarm your partners and drive skyhook out of business .