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English definition of “monopoly”

monopoly

noun [C]    /məˈnɑp·ə·li/
social studies complete control of the supply of particular goods or services, or a company or group that has such control: The Postal Service is guaranteed a monopoly on all first-class letters. fig. California has no monopoly on strangeness (= is not the only strange place). monopolistic    /məˌnɑp·əˈlɪs·tɪk/ adjective a monopolistic system
(Definition of monopoly noun from the Cambridge Academic Content Dictionary © Cambridge University Press)
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