Meaning of “monopoly” - Learner’s Dictionary


noun [ C ] us uk /məˈnɒpəli/

a situation in which a company or organization is the only one in an area of business or activity and has complete control of it:

They have a monopoly on the postal service.

a company or other organization that has a monopoly in a particular industry

(Definition of “monopoly” from the Cambridge Learner’s Dictionary © Cambridge University Press)