Definition of Monopoly

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Monopoly

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.

Exclusive possession; as, a monopoly of land.

The commodity or other material thing to which the monopoly relates; as, tobacco is a monopoly in France.

Related Definitions:

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Monopoly Quotations

Potentially, a government is the most dangerous threat to man's rights: it holds a legal monopoly on the use of physical force against legally disarmed victims.
Ayn Rand

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

Unless you become more watchful in your states and check the spirit of monopoly and thirst for exclusive privileges you will in the end find that... the control over your dearest interests has passed into the hands of these corporations.
Andrew Jackson

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

The right of an inventor to his invention is no monopoly - in any other sense than a man's house is a monopoly.
Daniel Webster

We don't have a monopoly. We have market share. There's a difference.
Steve Ballmer

I don't know what a monopoly is until somebody tells me.
Steve Ballmer

I thought Microsoft did a lot of things that were good and right building parts of the browser into the operating system. Then I thought it out and came up with reasons why it was a monopoly.
Steve Wozniak

A tiny and closed fraternity of privileged men, elected by no one, and enjoying a monopoly sanctioned and licensed by government.
Spiro T. Agnew

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

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

Quotes