Monopoly (noun) Definition, Meaning & Examples

noun, plural mo·nop·o·lies.
  1. exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices.
  2. an exclusive privilege to carry on a business, traffic, or service, granted by a government.
  3. the exclusive possession or control of something.
  4. something that is the subject of such control, as a commodity or service.
  5. a company or group that has such control.
  6. the market condition that exists when there is only one seller.
  7. a board game in which a player attempts to gain a monopoly of real estate by advancing around the board and purchasing property, acquiring capital by collecting rent from other players whose pieces land on that property.
noun plural -lies
  1. exclusive control of the market supply of a product or service
    • an enterprise exercising this control
    • the product or service so controlled
  2. the exclusive right or privilege granted to a person, company, etc, by the state to purchase, manufacture, use, or sell some commodity or to carry on trade in a specified country or area
  3. exclusive control, possession, or use of something
noun
  1. a board game for two to six players who throw dice to advance their tokens around a board, the object being to acquire the property on which their tokens land
Monopoly (noun) Definition, Meaning & Examples

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