Monopoly
noun
An exclusive control over a good or service in a particular market, or a control that makes such a control possible.
A single company had a monopoly over the oil industry.
Often appears as...
- corny industry monopoly
- monopoly over
noun
A board game in which players engage in simulated property and financial transactions with the aim of becoming financially successful.
We spent the whole night playing monopoly.
Often appears as...
- play monopoly
- monopoly game
noun
An exclusive privilege to carry on a business, traffic, or service, granted by a government.
The government granted the company a monopoly to operate the country's rail services.
Often appears as...
- monopoly right
- government-granted monopoly
Usage tips
Formal
Legal
noun
An exclusive control over a good or service in a particular market, or a control that makes such a control possible.
A single company had a monopoly over the oil industry.
Often appears as...
- corny industry monopoly
- monopoly over
noun
A board game in which players engage in simulated property and financial transactions with the aim of becoming financially successful.
We spent the whole night playing monopoly.
Often appears as...
- play monopoly
- monopoly game
noun
An exclusive privilege to carry on a business, traffic, or service, granted by a government.
The government granted the company a monopoly to operate the country's rail services.
Often appears as...
- monopoly right
- government-granted monopoly
Usage tips
Formal
Legal
Definition 1 of 3
Pro Tip 1/3Negative Connotation
Often implies that a company is too powerful, preventing fair competition.
Critics argue that the tech giant's monopoly stifles small businesses.
Pro Tip 2/3Regulatory Intervention
Governments may intervene to break up monopolies to protect consumers.
The government is considering breaking up the monopoly to restore market balance.
Pro Tip 3/3Market Impact
A monopoly can lead to higher prices and less choice for consumers.
The company's monopoly has led to skyrocketing prices for essential medicines.
Pro Tip 1/3Negative Connotation
Often implies that a company is too powerful, preventing fair competition.
Critics argue that the tech giant's monopoly stifles small businesses.
Pro Tip 2/3Regulatory Intervention
Governments may intervene to break up monopolies to protect consumers.
The government is considering breaking up the monopoly to restore market balance.
Pro Tip 3/3Market Impact
A monopoly can lead to higher prices and less choice for consumers.
The company's monopoly has led to skyrocketing prices for essential medicines.
Pro Tip 1/3Negative Connotation
Often implies that a company is too powerful, preventing fair competition.
Critics argue that the tech giant's monopoly stifles small businesses.
Pro Tip 2/3Regulatory Intervention
Governments may intervene to break up monopolies to protect consumers.
The government is considering breaking up the monopoly to restore market balance.
Pro Tip 3/3Market Impact
A monopoly can lead to higher prices and less choice for consumers.
The company's monopoly has led to skyrocketing prices for essential medicines.
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Video examples
Clay Shirky: Institutions...
like deciding in advance what's going to happen, or the profit motive -- the more leverage they'll get. And institutions are going to come under an increasing degree of pressure, and the more rigidly managed, and the more they rely on information monopolies, the greater the pressure is going to be.
Video examples
How to decarbonize the...
more and more efficient buildings, more and more efficient cars, and so forth. How many of these people are there in an economy like the US? Electric utilities are monopolies, and so they're regulated by utilities commissions. Otherwise they'd jack up the price too high.
Video examples
New ways to understand...
need to actually strengthen it a lot more I think one aspect of it comes from recognizing that each of us whatever you know the sophistication of our mental models and assumptions is never going to have a monopoly on truth we need to recognize that we have to value the
Video examples
How the blockchain will...
It's a shared database, and even though it has multiple readers and multiple writers at the same time, it has one single truth. So we can create that using blockchains. We can create a decentralized database that has the same efficiency of a monopoly
Video examples
Cecily Meets an Energy...
what's stopping in the industry structured as a series of statewide monopolies that support pay for the large power plants the high-voltage transmission lines when people start to put solar on their roof it upsets that entire system this is really
Video examples
Sarah Ellis and Helen...
Our learning can't be limited by the level we reach in an organization or only available to the fortunate few. It's not the responsibility of a single department, and it doesn't just happen when you go on a course. No one has a monopoly on wisdom.
Video examples
Jimmy Wales: How a...
that's where most people assume -- but it's between the party of the thoughtful and the party of the jerks. And no side of the political spectrum has a monopoly on either of those qualities. The actual truth about the specific Bush-Kerry incident
Video examples
Why are drug prices so...
The original intention behind the patent system was to motivate people to invent by rewarding them with a time-limited monopoly. But today, that intention has been distorted beyond recognition. Corporations have teams of lawyers and lobbyists
Video examples
My life as a professional...
the monopoly on broadcast video they would shoot the action with your expensive broadcast cameras own the video and make the money while the person at the front doing the dangerous stuff normally didn't get paid but you
Video examples
Why should you read...
where free will, self-expression, and curiosity are under fire. In Montag’s world, mass media has a monopoly on information, erasing almost all ability for independent thought.
Video examples
Clay Shirky: Institutions...
like deciding in advance what's going to happen, or the profit motive -- the more leverage they'll get. And institutions are going to come under an increasing degree of pressure, and the more rigidly managed, and the more they rely on information monopolies, the greater the pressure is going to be.
Video examples
How to decarbonize the...
more and more efficient buildings, more and more efficient cars, and so forth. How many of these people are there in an economy like the US? Electric utilities are monopolies, and so they're regulated by utilities commissions. Otherwise they'd jack up the price too high.
Video examples
New ways to understand...
need to actually strengthen it a lot more I think one aspect of it comes from recognizing that each of us whatever you know the sophistication of our mental models and assumptions is never going to have a monopoly on truth we need to recognize that we have to value the
Video examples
How the blockchain will...
It's a shared database, and even though it has multiple readers and multiple writers at the same time, it has one single truth. So we can create that using blockchains. We can create a decentralized database that has the same efficiency of a monopoly
Video examples
Cecily Meets an Energy...
what's stopping in the industry structured as a series of statewide monopolies that support pay for the large power plants the high-voltage transmission lines when people start to put solar on their roof it upsets that entire system this is really
Video examples
Sarah Ellis and Helen...
Our learning can't be limited by the level we reach in an organization or only available to the fortunate few. It's not the responsibility of a single department, and it doesn't just happen when you go on a course. No one has a monopoly on wisdom.
Video examples
Jimmy Wales: How a...
that's where most people assume -- but it's between the party of the thoughtful and the party of the jerks. And no side of the political spectrum has a monopoly on either of those qualities. The actual truth about the specific Bush-Kerry incident
Video examples
Why are drug prices so...
The original intention behind the patent system was to motivate people to invent by rewarding them with a time-limited monopoly. But today, that intention has been distorted beyond recognition. Corporations have teams of lawyers and lobbyists
Video examples
My life as a professional...
the monopoly on broadcast video they would shoot the action with your expensive broadcast cameras own the video and make the money while the person at the front doing the dangerous stuff normally didn't get paid but you
Video examples
Why should you read...
where free will, self-expression, and curiosity are under fire. In Montag’s world, mass media has a monopoly on information, erasing almost all ability for independent thought.
Example 1 of 10
Quote examples
John Sulston
British Scientist
If you patent a discovery which is unique, say a human gene or even just one particular function of a human gene, then you are actually creating a monopoly, and that's not the purpose of the world of patents.
Quote examples
Joichi Ito
Japanese Businessman
I talked about the barriers created by monopolies. I said that it was the role of government to break up these monopolies and that we couldn't do it alone.
Quote examples
Robert Toombs
American Politician
They demanded a monopoly of the coasting trade, in order to get higher freights than they could get in open competition with the carriers of the world.
Quote examples
Tim Sweeney
American Businessman
Open platforms encourage innovation. Whenever you have a closed platform, a monopoly on commerce, and all these platform rules, it stifles innovation.
Quote examples
John Polanyi
Hungarian Scientist
The scientific and scholarly community is marked by the belief that the truth is to be found in all; none can claim it as their monopoly.
Quote examples
Saint Jhn
American Musician
My journey is where I'm at right? It's the monopoly board of my life, and I'm making my rounds.
Quote examples
Nancy Pearcey
American Author
Public education grants secular worldviews an exclusive monopoly in the classroom.
Quote examples
Liz Kendall
British Politician
Jeremy Corbyn and his supporters do not have a monopoly on principle.
Quote examples
Megan Phelps-Roper
American Activist
I don't believe any more that WBC has a monopoly on truth.
Quote examples
Peter Thiel
American Businessman
We protect monopolies with copyright.
Quote examples
John Sulston
British Scientist
If you patent a discovery which is unique, say a human gene or even just one particular function of a human gene, then you are actually creating a monopoly, and that's not the purpose of the world of patents.
Quote examples
Joichi Ito
Japanese Businessman
I talked about the barriers created by monopolies. I said that it was the role of government to break up these monopolies and that we couldn't do it alone.
Quote examples
Robert Toombs
American Politician
They demanded a monopoly of the coasting trade, in order to get higher freights than they could get in open competition with the carriers of the world.
Quote examples
Tim Sweeney
American Businessman
Open platforms encourage innovation. Whenever you have a closed platform, a monopoly on commerce, and all these platform rules, it stifles innovation.
Quote examples
John Polanyi
Hungarian Scientist
The scientific and scholarly community is marked by the belief that the truth is to be found in all; none can claim it as their monopoly.
Quote examples
Saint Jhn
American Musician
My journey is where I'm at right? It's the monopoly board of my life, and I'm making my rounds.
Quote examples
Nancy Pearcey
American Author
Public education grants secular worldviews an exclusive monopoly in the classroom.
Quote examples
Liz Kendall
British Politician
Jeremy Corbyn and his supporters do not have a monopoly on principle.
Quote examples
Megan Phelps-Roper
American Activist
I don't believe any more that WBC has a monopoly on truth.
Quote examples
Peter Thiel
American Businessman
We protect monopolies with copyright.
Example 1 of 10
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