Word Explorer
Monopolies
A situation, by legal privilege or other agreement, in which solely one party (company, cartel etc.) exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it.
📖 Definitions of "Monopolies"
- 1
A situation, by legal privilege or other agreement, in which solely one party (company, cartel etc.) exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it.
- 2
An exclusive control over the trade or production of a commodity or service through exclusive possession.
"A land monopoly renders its holder(s) nearly almighty in an agricultural society."
- 3
The privilege granting the exclusive right to exert such control.
"Granting monopolies in concession constitutes a market-conform alternative to taxation for the state, while the crown sometimes bestowed a monopoly as an outrageous gift."
- 4
(metonymy) The market thus controlled.
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