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Related to monopolism: Monopoly
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).
a. A company, group, or individual having exclusive control over a commercial activity.
b. A commodity or service so controlled.
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 monopōlium, from Greek monopōlion : mono-, mono- + pōlein, to sell; see pel- in Indo-European roots.]
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
the practices and system of a monopoly. — monopolist, n. — monopolistic, adj.See also: Trade
-Ologies & -Isms. Copyright 2008 The Gale Group, Inc. All rights reserved.