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

dawn on sb

If a fact dawns on you, you understand it after a period of not understanding it.

Word of the Day

Highly delighted, bitterly disappointed, ridiculously cheap: adverbs for emphasis.

by Liz Walter,
October 22, 2014
We often make adjectives stronger by putting an adverb in front of them. The most common ones are very and, for a stronger meaning, extremely: He was very pleased. The ship is extremely large. However, we don’t use very or extremely for adjectives that already have a strong meaning, for example fantastic,

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More