WebApr 3, 2024 · monopoly (mənɒpəli ) variable noun [oft with poss] If a company, person, or state has a monopoly on something such as an industry, they have complete control over it, so that it is impossible for others to become involved in it. [...] [business] See full entry for 'monopoly' Collins COBUILD Advanced Learner’s Dictionary. Webnoun /məˈnɒpəli/ /məˈnɑːpəli/ (plural monopolies) monopoly (in/of/on something) (business) the complete control of trade in particular goods or the supply of a particular service; a …
What does monopoly mean? - Definitions.net
Webmonopoly noun [C] (COMPANY) a company or other organization that has a monopoly in a particular industry (Definition of monopoly from the Cambridge Learner's Dictionary © … WebDefinitions of Monopoly n. The exclusive power, or privilege of selling a commodity; the exclusive power, right, or privilege of dealing in some article, or of trading in some market; sole command of the traffic in anything, however obtained n. Exclusive possession. n. The commodity or other material thing to which the monopoly relates. greenville sc 29601 county
PURE MONOPOLY definition Cambridge English Dictionary
WebJul 14, 2024 · The monopoly refers to a market situation in which there is only one seller of a particular product. This means that the firm itself is the industry and the firm’s product has no close substitute. The monopolist is not bothered about the reaction of … WebJan 25, 2024 · The term monopoly has been derived from Greek term Monopolian that means a single seller. Thus, monopoly is a market condition in which there is a single seller of a particular commodity who is called monopolist and has complete control over the supply of his product. Table of Content [ Hide] Definition of Monopoly Webexclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices.Compare duopoly, oligopoly. an exclusive privilege to … fnf tayei