monopoly

Definitions

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

A company or group having exclusive control over a commercial activity.

A board game in which players engage in simulated property trading and development.

Examples

The company established a complete monopoly over the local telecommunications market.

It is difficult for small businesses to compete when a single corporation holds a monopoly on essential resources.

Synonyms

exclusive control trust corner on the market cartel sole possession dominance

Antonyms

competition free market open market plurality diverse ownership