monopoly

IPA: mʌnˈɑpʌɫi

A situation, by legal privilege or other agreement, in which solely one party (company, cartel etc.) exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it.
An exclusive control over the trade or production of a commodity or service through exclusive possession.
The privilege granting the exclusive right to exert such control.
(metonymically) The market thus controlled.
(metonymically) The holder (person, company or other) of such market domination in one of the above manners.
(games, board games) A board game in which players use play money to buy and trade properties, with the objective of forcing opponents into bankruptcy.

Examples of "monopoly" in Sentences

Profile of SAIC -- former internet domain monopoly is the invisible spook WalMart
I know that, but the term monopoly is used much more loosely outside of economic textbooks.
Nasionale Pers chief executive Hennie van Deventer said the term monopoly had always been loosely used.
When consumers hear the term monopoly, the first thing that comes to mind is often price-fixing and other illegal business practices.
It is to be noted that in this seventh law we have used in apposition with the term monopoly, the term "inequality of competition" instead of
There are two evils of our present railway system, however, which are not chargeable to monopoly, but to the _attempt to defeat monopoly_, and which are important to our discussion.
Any assignment which does not convey to the assignee the entire and unqualified monopoly which the patentee holds in the territory specified, or an undivided interest in the entire _monopoly, _ is a mere license.
In The Economic Way of Thinking, for example, the ambiguity associated with the term monopoly is explored --- if you define the relevant market broadly enough no monopoly is evident, but if your definition is narrow then every good will exhibit monopolistic characteristics.