Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “legal monopoly”

legal monopoly

noun
 
 
COMMERCE, ECONOMICS
[C or U] a situation in which a government gives the right to provide particular goods or services to one company: a legal monopoly on/over sth The chemicals group has a legal monopoly on UK opiate production.
[C] a company that has the right to be the only one that provides particular goods or services within a country or area: Railroads and airlines have been operated as legal monopolies at different periods.
(Definition of legal monopoly from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of legal monopoly?
Add Cambridge dictionaries to your browser to your website

Word of the Day

hyphen

the symbol -, used to join two words together, or to show that a word has been divided into two parts at the end of one line and the beginning of the next

Word of the Day

Lies, lies, lies!

by Kate Woodford,
February 25, 2015
​​​ According to sociologists (=people who study the relationships between people living in groups), we are good at lying. As a species, we have developed a remarkable ability to deceive each other (= persuade each other that something false is true). Being able to say things that are not true can help with

Read More 

snapchat verb

March 02, 2015
to send someone a message using the photomessaging application Snapchat We used to have a thing until he got a girlfriend. now

Read More