Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “absolute monopoly”

absolute monopoly

noun [C or U]
 
 
a situation where only one company, country, etc. produces and sells a particular product: have an absolute monopoly on sth In order to have an absolute monopoly on the use of an idea, you need to take out a patent. The Post Office once had an absolute monopoly in the provision of telephone lines.
(Definition of absolute monopoly from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of absolute monopoly?
Add Cambridge dictionaries to your browser to your website

Word of the Day

guru

a religious leader or teacher in the Hindu or Sikh religion

Word of the Day

The way we move (Verbs for walking and running)

by Kate Woodford,
March 25, 2015
​​​ This week we’re looking at interesting ways to describe the way that people move. Most of the verbs that we’ll be considering describe how fast or slow people move. Others describe the attitude or state of mind of the person walking or running. Some describe both. Starting with verbs for walking slowly,

Read More 

crossfit noun

March 23, 2015
high-intensity strength training Two women in strappy dresses discussed how much weight they could snatch

Read More