Monopoly
Pronunciation: /məˈnɑːpəliː/
Monopoly (noun)
- A situation where one company or person controls all of a product or service.
- Complete control over something, making it difficult for others to compete.
- A popular board game where players buy and trade properties to win.
Examples
- The company had a monopoly on the local water supply.
- A monopoly can lead to higher prices for consumers.
Common collocations: hold a monopoly, break a monopoly, monopoly power, monopoly rights, gain a monopoly