Monopoly | Mean of monopoly in English Dictionary
/məˈnɑːpəli/
- Noun
- complete control of the entire supply of goods or of a service in a certain area or market
- The company has gained/acquired a (virtual/near) monopoly of/on/over the logging industry in this area.
- a large company that has a monopoly
- The government passed laws intended to break up monopolies.
- complete ownership or control of something
- He seems to think he has a monopoly on the truth. [=to think that he is the only person who knows what is true]
