monopoly - definition in the Business English Dictionary - Cambridge Dictionaries Online (US)

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “monopoly”

See all translations

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 Vietnamese độc quyền…
in Spanish monopolio…
in Thai ระบบผูกขาด…
in Malaysian monopoli…
in French monopole…
in German das Monopol…
in Chinese (Traditional) 壟斷(機構), 專賣, 獨佔…
in Indonesian monopoli…
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)
What is the pronunciation of monopoly?
Add Cambridge dictionaries to your browser to your website

Definitions of “monopoly” in other dictionaries

Word of the Day

Morse code

a system used for sending messages, in which letters and numbers are represented by short and long marks, sounds, or flashes of light

Word of the Day

The language of elections

by Liz Walter,
April 22, 2015
On May 7th, citizens of the UK will be going to the polls (having an election) to decide who will form the next government. This kind of election is known as a general election. The country is divided into 650 areas, called constituencies. Each constituency elects a member of parliament (MP) to

Read More 

e-juice noun

April 27, 2015
the liquid content in an e-cigarette, which includes nicotine and may be flavoured in various ways Cannabidiol oil that comes from industrial hemp plants, which is what is infused into our e-juice, is 100 per cent legal.

Read More