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MONOPOLY definition: 1. (an organization or group that has) complete control of something, especially an area of…. Learn more.
- English (US)
MONOPOLY meaning: 1. (an organization or group that has)...
- Znaczenie Monopoly, Definicja W Cambridge English Dictionary
MONOPOLY definicja: 1. (an organization or group that has)...
- Commercial Monopoly
COMMERCIAL MONOPOLY definition: a situation in which the...
- Monopoly: Indonesian Translation
monopoly translate: monopoli. Learn more in the Cambridge...
- Monopoly: Malay Translation
monopoly translate: monopoli. Learn more in the Cambridge...
- State Monopoly
STATE MONOPOLY definition: an organization owned by a...
- Public Monopoly
PUBLIC MONOPOLY definition: → state monopoly. Learn more.
- Monopoly: Thai Translation
monopoly translate: ระบบผูกขาด. Learn more in the Cambridge...
- English (US)
monopoly (in/of/on something) (business) the complete control of trade in particular goods or the supply of a particular service; a type of goods or a service that is controlled in this way
Monopoly definition: exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices.. See examples of MONOPOLY used in a sentence.
5 meanings: 1. exclusive control of the market supply of a product or service 2. a. an enterprise exercising this control b..... Click for more definitions.
1.a. The exclusive possession or control of the trade in a commodity, product, or service; the condition of having no competitor in one's trade or business. Also: an instance of this. In English Law: a situation in which one supplier or producer controls more than a specified fraction of the market.
roots “mono” meaning single or one and “polein” meaning to . 3. The Greek word sell “monopolion” referred to an exclusive legal right of sale issued by the government. Sir Edward Coke defined monopolies in the early 1600’s as being: Institution[s] or allowance[s] by the King by his grant, commission, or otherwise
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A monopoly (from Greek μόνος, mónos, 'single, alone' and πωλεῖν, pōleîn, 'to sell'), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity ...