WebFeb 24, 2024 · Compare duopoly, oligopoly. 2. an exclusive privilege to carry on a business, traffic, or service, granted by a government. 3. the exclusive possession or control of … Webmonopoly (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 In the past central government had a monopoly on television broadcasting. Electricity, gas and water were considered to be natural monopolies.
What is monopoly? Definition, Features, Types, Price ... - Investoinfo
Webverb mo· nop· o· lize mə-ˈnä-pə-ˌlīz monopolized; monopolizing Synonyms of monopolize transitive verb : to get a monopoly of : assume complete possession or control of … WebDefinitions of Monopoly n. The exclusive power, or privilege of selling a commodity; the exclusive power, right, or privilege of dealing in some article, or of trading in some market; sole command of the traffic in anything, however obtained n. Exclusive possession. n. The commodity or other material thing to which the monopoly relates. phoebe physician group albany
To have / hold a monopoly: Marathi translation, definition, meaning …
Webmonopoly noun exclusive control or possession of something इस्तमरार, ... Premium Example "They have no monopoly on intelligence" (economics) a market in which there are many buyers but only one seller Examples "a monopoly on silver" "when you have a monopoly you can ask any price you like" Webmo· nop· o· ly mə-ˈnä-p (ə-)lē. plural monopolies. 1. : exclusive ownership through legal privilege, command of supply, or concerted action. 2. : exclusive possession or control. no country has a monopoly on morality or truth Helen M. Lynd. 3. : a commodity controlled by … WebAug 8, 2024 · A monopoly is an economic term that refers to a lack of competition in a market or industry. Without competition, one business can become the sole proprietor of all relevant goods or services. For example, if a state only has one internet company operating within state lines, that business has a monopoly on internet services in that area. phoebe physician portal