Exclusive control by one group of the means of producing or selling a commodity or service: "Monopoly frequently ... arises from government support or from collusive agreements among individuals” ( Milton Friedman).
Law A right approved by a government giving exclusive control of a specified commercial task to a single celebration.
an organization or group having unique control of a commercial activity.
A commodity or solution therefore controlled.
unique ownership or control: arrogantly claims to possess a monopoly regarding truth.
something which is exclusively possessed or managed: revealed that scientific accomplishment just isn't a male dominance.
A situation, by legal privilege or other arrangement, in which entirely one-party (business, cartel etc.) solely provides a specific products or services, dominating that marketplace and generally exerting powerful control of it.
a unique control of the trade or production of a commodity or service through exclusive ownership.
The privilege granting the exclusive straight to use these types of control
industry thus managed
The owner (person, company or any other) of these market domination in one of the the above ways.
The exclusive energy, or privilege of offering a commodity; the exclusive power, right, or privilege of working in certain article, or of trading in certain marketplace; only command of this traffic in everything, but obtained
The commodity or other material thing that the monopoly applies.
An exclusive privilege to carry on a traffic.
Specifically, in Eng. constitutional hist., and hence sometimes in US law, such an exclusive privilege whenever given by the crown or state to a person, association, or organization, for the sake of the pecuniary advantage of its exclusiveness.
In political business economics, so when found in a general good sense in-law, such a special privilege to carry on a traffic, or bargain in or manage certain class of articles, because will enable the holder to raise costs materially above whatever they would-be if the traffic or dealing were able to residents typically.
what is the subject of a monopoly: because, in Bengal opium is a monopoly.
The possession or assumption of anything to the exclusion of various other possessors: thus, a person is popularly thought to have a monopoly of any business which he has acquired complete control.
Loosely, an organization or business which enjoys a monopoly.
(economics) a market for which there are numerous buyers but one vendor
a board game for which players attempt to get a monopoly on real estate as pieces advance across the board according to the place of a die