monopoly Definition

monopoly
noun monopolies

1. The right to be, or the fact of being, the only supplier of a specified commodity or service.

Thesaurus: control, domination, sole right, corner, copyright; Antonym: open market.
2. A business that has such a monopoly.
3. A commodity or service controlled in this way.
4. Exclusive possession or control of anythingSee also duopoly, oligopoly.

Example: You don't have a monopoly on the truth!

Derivative: monopolist
noun

Someone who monopolizes, has a monopoly or favours monopoly.

Derivative: monopolistic
adj

Etymology: 16c: from Latin monopolium, from Greek poleein to sell.