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Monopoly
01
a type of board game in which players use game currency to buy buildings or streets represented on the board
02
the exclusive authority or ownership over a particular resource or domain
2.1
a situation in which one organization or entity exclusively controls the production, distribution, or trade of a product or service, making other rivals unable to compete
03
in the same way as; like
monopoly
n
monopolist
n
monopolist
n
monopolize
v
monopolize
v
Example
The emergence of alternative energy sources is challenging the traditional monopoly of fossil fuel industries.
The pharmaceutical firm held a monopoly on the production of the lifesaving drug, leading to high prices for consumers.
The prince had a monopoly over the region's diamond mines, ensuring his unmatched affluence.
Historically, certain families held a monopoly on trade routes, solidifying their economic dominance.
Permitting unchecked corporate monopolies sets a dangerous precedent for fair competition in the market.
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