/məˈnɒpəˌli/► audioScrabble 15Words With Friends 18
Definition
noun (economics) a market in which there are many buyers but only one seller.
noun exclusive control or possession of something.
noun a board game in which players try to gain a monopoly on real estate as pieces advance around the board according to the throw of a die.
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.”