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monopolism

   Also found in: Legal, Financial, Idioms, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
mo·nop·o·ly  (m-np-l)
n. pl. mo·nop·o·lies
1. Exclusive control by one group of the means of producing or selling a commodity or service: "Monopoly frequently ... arises from government support or from collusive agreements among individuals" (Milton Friedman).
2. Law A right granted by a government giving exclusive control over a specified commercial activity to a single party.
3.
a. A company or group having exclusive control over a commercial activity.
b. A commodity or service so controlled.
4.
a. Exclusive possession or control: arrogantly claims to have a monopoly on the truth.
b. Something that is exclusively possessed or controlled: showed that scientific achievement is not a male monopoly.
[Latin monoplium, from Greek monoplion : mono-, mono- + plein, to sell; see pel-4 in Indo-European roots.]
mo·nopo·lism n.
mo·nopo·list n.
mo·nopo·listic adj.
mo·nopo·listi·cal·ly adv.
monopolism
the practices and system of a monopoly. — monopolist, n. — monopolistic, adj.
See also: Trade
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