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 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)
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

flight of fancy

an idea that shows a lot of imagination but is not practical

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 

showrooming noun

February 23, 2015
the activity of examining a product in a physical store and then making the purchase with an online retailer Amazon’s new smartphone is specifically designed to make showrooming fast and easy.

Read More