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monopoly

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noun monopoly pronunciation in British English /məˈnɒpəli/ 
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singularmonopoly
pluralmonopolies

Related dictionary definitions

  1. 1
    [countable] economics a company that has complete control of the product or service it provides because it is the only company that provides it

    It is the government's intention to break up all monopolies.

    1. a.
      [countable/uncountable] complete control over something by one organization or person
      a virtual/near monopoly:

      The company has a virtual monopoly on tea sales.

      enjoy/exercise/have/hold a monopoly:

      He did not enjoy an absolute monopoly.

  2. 2
    [singular] something that only one person or group of people has
    have a monopoly on:

    Celebrities don't have a monopoly on being interesting.

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