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English definition of “monopoly”

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monopoly

noun
 
 
/məˈnɒpəli/ ( plural monopolies)
[C or U] ECONOMICS a situation in which one company or person or a government has no competition in the sale of a particular product or service and is able to control its supply and price: business/corporate/government monopolies He argues that farm subsidies help keep agricultural land away from corporate monopolies.a monopoly of sth Each firm has a monopoly of goods that tend to be used together.a monopoly in/on sth A decision by the Supreme Court struck down the state's monopoly on radio and television stations.
[C] ECONOMICS a company, person, etc. that is the only one supplying a particular product or service: The Justice Department is suing the company because they claim that it used unfair tactics to become a monopoly.
[C] something that is controlled by one person or group and not shared by others: The network is a monopoly of the state telephone company.
→  See also bilateral monopoly , commercial monopoly , legal monopoly , natural monopoly , public monopoly , state monopoly
Translations of “monopoly”
in Spanish monopolio…
in French monopole…
in German das Monopol…
in Chinese (Traditional) 壟斷(機構), 專賣, 獨佔…
in Russian монополия, монополист…
in Turkish tekel, tekelcilik, tekel düzeni…
in Chinese (Simplified) 垄断(机构), 专卖, 独占…
in Polish monopol…
(Definition of monopoly from the Cambridge Business English Dictionary © Cambridge University Press)
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