legal monopoly Meaning in the Cambridge English Dictionary
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Meaning of “legal monopoly” in the English Dictionary

"legal monopoly" in Business English

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legal monopolynoun

uk   us   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 ​chemicalsgroup has a ​legalmonopoly 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 ​legalmonopolies at different ​periods.
(Definition of legal monopoly from the Cambridge Business English Dictionary © Cambridge University Press)
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