Meaning of monopoly | Babel Free

Definitions

1. A situation, by legal privilege or other agreement, in which solely one party (company, cartel etc.) exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it
2. An exclusive control over the trade or production of a commodity or service through exclusive possession
3. The privilege granting the exclusive right to exert such control
4. The market thus controlled
5. The holder (person, company or other) of such market domination in one of the above manners

Translations

CEFR level