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Definition of Monopoly

Monopoly

  1. The exclusive power, or privilege of selling a commodity; the exclusive power, right, or privilege of dealing in some article, or of trading in some market; sole command of the traffic in anything, however obtained; as, the proprietor of a patented article is given a monopoly of its sale for a limited time; chartered trading companies have sometimes had a monopoly of trade with remote regions; a combination of traders may get a monopoly of a particular product.
  2. Exclusive possession; as, a monopoly of land.
  3. The commodity or other material thing to which the monopoly relates; as, tobacco is a monopoly in France.

Monopoly Quotations

I think it's wrong that only one company makes the game Monopoly.
Steven Wright

No party has a monopoly on wisdom. No democracy works without compromise. But when Governor Romney and his allies in Congress tell us we can somehow lower our deficit by spending trillions more on new tax breaks for the wealthy - well, you do the math. I refuse to go along with that. And as long as I'm President, I never will.
Barack Obama

If it were necessary to give the briefest possible definition of imperialism, we should have to say that imperialism is the monopoly stage of capitalism.
Vladimir Lenin

Competition is always a good thing. It forces us to do our best. A monopoly renders people complacent and satisfied with mediocrity.
Nancy Pearcey

Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly.
Mario Puzo
More "Monopoly" Quotations

Monopoly Translations

monopoly in Dutch is alleenhandel, monopolie
monopoly in French is monopole
monopoly in German is Alleinverkauf {m}
monopoly in Italian is esclusiva, esclusiva
monopoly in Spanish is monopolio
monopoly in Swedish is monopol
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