Monopoly — Meaning, Definition & Synonyms

noun /mə-ˈnä-p(ə-)lē/ mo·nop·o·ly

Meaning & Definition of Monopoly

Monopoly (noun)

  1. exclusive ownership through legal privilege, command of supply, or concerted action; specifically, exclusive control of a particular market that is marked by the power to control prices and exclude competition
  2. exclusive possession or control
  3. a commodity controlled by one party

Word Forms of Monopoly

Inflections: monopolies

Origin & Etymology of Monopoly

Latin monopolium, from Greek monopōlion, from mon- + pōlein to sell

First known use: 1534

Vocabulary Lists & Topics for Monopoly

Words & Phrases Containing Monopoly

anti-monopoly

Frequently Asked Questions about Monopoly

What does "Monopoly" mean?

"Monopoly" means exclusive ownership through legal privilege, command of supply, or concerted action; specifically, exclusive control of a particular market that is marked by the power to control prices and exclude competition. As a noun, it is defined as: exclusive ownership through legal privilege, command of supply, or concerted action; specifically, exclusive control of a particular market that is marked by the power to control prices and exclude competition. It has 3 distinct senses.

Is "Monopoly" a noun, verb, or adjective?

"Monopoly" is a noun.

Is "Monopoly" useful for IELTS, TOEFL, and other English exams?

As a C1-level word, "Monopoly" is typical of Cambridge C1 Advanced (CAE), IELTS band 7.0–8.0, TOEFL iBT 95–113, PTE Academic 76–84, TOEIC Listening & Reading 945+. Advanced words like this are also useful for the GRE, SAT, GMAT, and LSAT.

How do you pronounce "Monopoly"?

"Monopoly" is pronounced /mə-ˈnä-p(ə-)lē/ and divided into syllables as mo·nop·o·ly.

What is the origin of the word "Monopoly"?

"Monopoly" comes from Latin monopolium, from Greek monopōlion, from mon- + pōlein to sell. First known use: 1534.

What CEFR level is "Monopoly"?

"Monopoly" is a C1-level word in SophDict's CEFR vocabulary lists, which group English words from A1 (beginner) to C2 (proficient).

What topics is "Monopoly" used in?

"Monopoly" is commonly used in topics such as Business & Economics.

What are the forms of "Monopoly"?

The word forms of "Monopoly" include monopolies.