Monopoly meaning

What does “monopoly” mean? Definitions, examples, synonyms and opposites.

“monopoly” is a noun with 3 meanings. Its most common meaning is: (economics) a market in which there are many buyers but only one seller.

monopoly

(economics) a market in which there are many buyers but only one seller
“a monopoly on silver”
“when you have a monopoly you can ask any price you like”
exclusive control or possession of something
“They have no monopoly on intelligence”
a board game in which players try to gain a monopoly on real estate as pieces advance around the board according to the throw of a die

Source: WordNet 3.1, Princeton University