absolute monopoly Definition in the Cambridge English Dictionary Cambridge dictionaries logo

Definition of “absolute monopoly” - English Dictionary

"absolute monopoly" in Business English

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absolute monopolynoun [C or U]

uk   us  
a ​situation where only one ​company, country, etc. ​produces and ​sells a particular ​product: have an absolute monopoly on sth In ​order to have an ​absolutemonopoly on the use of an ​idea, you need to take out a ​patent. The Post ​Office once had an ​absolutemonopoly in the ​provision of ​telephonelines.
(Definition of absolute monopoly from the Cambridge Business English Dictionary © Cambridge University Press)
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