Meaning of “monopolize” in the English Dictionary

"monopolize" in British English

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monopolizeverb [ T ]

UK usually monopolise uk /məˈnɒp.əl.aɪz/ us /məˈnɑː.pəl.aɪz/

monopolize verb [ T ] (BUSINESS)

in business, to control something completely and to prevent other people having any effect on what happens:

The company had monopolized the photography market for so many decades that they didn't worry about competition from other companies.
monopolization
noun [ U ] UK usually monopolisation uk /məˌnɒp.əl.aɪˈzeɪ.ʃən/ us /məˌnɑː.pəl.əˈzeɪ.ʃən/

(Definition of “monopolize” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"monopolize" in American English

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monopolizeverb [ T ]

us /məˈnɑp·əˌlɑɪz/

social studies to have or take complete control of something so that others are prevented from sharing it:

Rockefeller monopolized oil refining in the 1800s.
She has a habit of monopolizing the conversation.

(Definition of “monopolize” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"monopolize" in Business English

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monopolizeverb [ T ]

UK also monopolise uk /məˈnɒpəlaɪz/ us

to take control of the supply and price of a particular product or service:

Businesses might try to monopolize a market.
monopolization
noun [ U ] UK also monopolisation

In the government's view, the goal is to "ensure that there remain no practices likely to result in monopolization."

(Definition of “monopolize” from the Cambridge Business English Dictionary © Cambridge University Press)