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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/

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

One giant company holds a total monopoly over the entire city's coffee supply.
💡 Concept

One giant company holds a total monopoly over the entire city's coffee supply.

His monopoly policy killed the jolly!
🎵 Rhyme

His monopoly policy killed the jolly!

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🎤Pronunciation

🇺🇸 US/məˈnɑːpəli/
🇬🇧 UK/məˈnɒpəli/

🌳Etymology

Prefixmono--
Rootpol
Suffix--y

Origin

The word originates from ancient Greek, combining 'mono' (one, single) and 'polein' (to sell). It originally referred to the exclusive right to sell a particular commodity, literally meaning 'sole seller' or 'selling alone'.

Breakdown

mono- (one, single) + -polein (to sell) = monopolium (exclusive sale right). The term was later Latinized to 'monopolium' before entering English as 'monopoly'.

🎵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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