The AI-powered English dictionary
plural monopolies
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. quotations examples
The sale of the leaves and roots was a Government monopoly, and from it the Kings of Kôr derived a large proportion of their private revenue.
1886 October – 1887 January, H[enry] Rider Haggard, She: A History of Adventure, London: Longmans, Green, and Co., published 1887
In 1918 a Chinese company was given a monopoly to run a service between Victoria and the districts of Mong Kok and Sham Shui Po. Five years later this monopoly was transferred to the Hong Kong and Yaumati Ferry Company, together with the right to run a service to Yau Ma Tei.
1962, G. B. Endacott, A. Hinton, “Public Works and Transport”, in Fragrant Harbour: A Short History of Hong Kong, Westport, Conn.: Greenwood Press, published 1977, page 122
It has jailed environmental activists and is planning to limit the power of judicial oversight by handing a state-approved body a monopoly over bringing environmental lawsuits.
2013 August 10, “Can China clean up fast enough?”, in The Economist, volume 408, number 8848
Exactly! You can’t reduce the competition when nobody is competing! You could not be describing a monopoly more clearly if you were wearing a metal top hat while driving a metal car after winning second prize in a beauty contest!
2014 June 1, “Net Neutrality”, in Last Week Tonight with John Oliver, season 1, episode 5, John Oliver (actor), via HBO
An exclusive control over the trade or production of a commodity or service through exclusive possession. examples
The privilege granting the exclusive right to exert such control. examples
(metonymically) The market thus controlled. examples
(metonymically) The holder (person, company or other) of such market domination in one of the above manners. examples