MONOPOLIES
Definition
MONOPOLIES is the plural of MONOPOLY.
noun MONOPOLY: (economics) a market in which there are many buyers but only one seller.
Examples
- “A land monopoly renders its holder(s) nearly almighty in an agricultural society.”
- “Granting monopolies in concession constitutes a market-conform alternative to taxation for the state, while the crown sometimes bestowed a monopoly as an outrageous gift.”