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monopolythe exclusive possession or control of the supply of or trade in a commodity or service

Part of speech: NOUN

Definition: the exclusive possession or control of the supply of or trade in a commodity or service

Pronunciation (IPA): /məˈnɑːpəli/

Korean meaning: 독점, 전매권

Korean pronunciation: 머**나**폴리

Example Sentences

  • My grandmother thinks she has a monopoly on the TV remote control.
  • The tech giant's monopoly was challenged by new startup companies.
  • He seems to have a monopoly on bad jokes at family gatherings.

monopoly

NOUN

//məˈnɑːpəli//

the exclusive possession or control of the supply of or trade in a commodity or service

monopoly concept
💡 Concept

A businessman creates a food monopoly by closing all competing stalls

monopoly rhyme
🎵 Rhyme

His monopoly policy killed the jolly!

🎤Pronunciation

🇺🇸 US/məˈnɑːpəli/
🇬🇧 UK/məˈnɒpəli/

🌳Etymology

Prefixmono--
Rootpol
Suffix--y

Origin

그리스어에서 온 단어로, '혼자(mono)'와 '팔다(polein)'가 합쳐져서 '혼자만 파는 상황', 즉 독점을 뜻하게 되었습니다.

🎵Rhyme

policyqualityjolly
policy
quality
jolly

🔗Collocations

break up a monopoly
government monopoly
monopoly power
virtual monopoly
monopoly position
establish a monopoly

📝Examples

😄 Fun example

My grandmother thinks she has a monopoly on the TV remote control.

The tech giant's monopoly was challenged by new startup companies.

😄 Fun example

He seems to have a monopoly on bad jokes at family gatherings.

The government decided to regulate the company's monopoly in the telecommunications sector.

📚Related Words

Synonyms

dominancecontrolexclusive controlcorner

Antonyms

competitionfree marketrivalry

Related

oligopolycartelduopolyantitrustmarket share

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