monopoly

Definitions

General English

Accounting

  • noun a situation where one person or company is the only supplier of a particular product or service

Economics

  • noun a situation in which one person or company controls all the market in the supply of a product

Health Economics

  • (written as Monopoly)
    A market in which there is a single seller.

Law

  • noun the right given to one person or company to control all the market in the supply of a product

Media Studies

  • noun a situation in which one seller holds a large share of the market and effectively controls prices and product supply

Politics

  • noun a situation where one person or company has the complete control of trade in particular goods or the supply of a particular service
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