Definition of Monopoly:
A board game in which players engage in imitation and financial transactions for virtual money. It was discovered in the United States and was coined by Charles Darrow around 1935.
A market situation in which a manufacturer (or a group of manufacturers working together) controls the delivery of goods or services and strictly prevents or restricts the entry of new manufacturers. Monopolies (in pursuit of maximum profit) keep prices high and limit production and give little or no response to the needs of their customers. As a result, most governments try to control monopolies by controlling prices (2), (2) retrieval of property (called nationalization) or (3) two or more competitive By dividing into companies. Sometimes governments facilitate monopolies for national security reasons, gaining economies of scale to compete internationally, or when two or more manufacturers are not needed, such as in the case of public services. I happen Although the degree of monopoly varies (due to copyright, patents, access to materials, patented technology or inappropriate commercial practices), almost no company has a complete monopoly on the market. The age of globalization.
Exclusive ownership or control over the supply or marketing of products or services.
Synonyms of Monopoly
Constraint, Possessorship, Legal restraint, Curb, Bear raid, Washing, Cooling down, Ownership, Interdict, Deceleration, Arrest, Injunction, Cornering, Rationing, Protectionism, Consortium, Rein, Check, Bull raid, Monopolization, Corner, Rigging, Arrestation, Raid, Control, Inhibition, Tariff wall, Corner in, Syndicate, Restraint, Self-control, Cartel, Slowing down, Curtailment, Proprietorship, Protection, Manipulation, A corner on, Copyright, Prohibition, Forestallment, Retardation, Wash sale, Exclusive possession, Trust, Cooling, Pool, Retrenchment, Protective tariff, Cooling off, Hindrance, Thought control, Engrossment, Restraint of trade
How to use Monopoly in a sentence?
- He spent thousands of pounds on the collection, which includes the Batman and Robin versions of Monopoly, Monopoly Fruit Machines and Customs £ 700 wooden planks.
- Its potential purpose is to protect its territorial monopoly.
- The company has completely dominated its market share, effectively become a monopoly and hinders the success of its competitors.
- Since there are currently five companies that control everything in the United States and are constantly buying from each other, we will soon have a monopoly where one company controls everything that is created.
Meaning of Monopoly & Monopoly Definition