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| mo·nop·o·ly [ mə nóppəlee ] (plural mo·nop·o·lies) |
noun |
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| Definition: |
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1. control of market supply: a situation in which one company controls an industry or is the only provider of a product or service
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2. personal and exclusive possession: an exclusive right to have or do something
  He seems to think he has a monopoly on common sense.
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3. commerce corporation with exclusive control: a company with a commercial monopoly
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4. economics commodity controlled by one company: a product or service whose supply is controlled by only one company
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5. commercial law exclusive legal right: a legal right to the exclusive control of an industry or service, as granted by a government
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| [Mid-16th century. Via Latin< Greek monopōlion< pōlein "sell"] |
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| mo·nop·o·lism noun |
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