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Meaning & Definition of Monopoly in English

English

Monopoly

/mənɑpəli/

noun

1. (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"
    synonym:
  • monopoly

2. Exclusive control or possession of something

  • "They have no monopoly on intelligence"
    synonym:
  • monopoly

3. 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

    synonym:
  • Monopoly