English version

monopoly in Business basics topic

From Longman Dictionary of Contemporary Englishmonopolymo‧nop‧o‧ly /məˈnɒpəli $ məˈnɑː-/ ●●○ noun (plural monopolies)  1 [countable]BBCONTROL if a company or government has a monopoly of a business or political activity, it has complete control of it so that other organizations cannot compete with itmonopoly of They are demanding an end to the Communist Party’s monopoly of power. the state monopoly of televisionmonopoly on/in For years Bell Telephone had a monopoly on telephone services in the US. a monopoly in copper trading2 [countable] a large company that controls all or most of a business activity The company is a state-owned monopoly.3 [singular]OWN if someone has a monopoly on something, that thing belongs to them, and no one else can share it Teachers do not have a monopoly on educational debate.
Examples from the Corpus
monopolyBecause the state tried to enforce a monopoly on ideas, intellectuals were both at great risk and terrifically influential.It is not good for consumers if one company has a monopoly in any area of trade.the De Beers diamond monopolyLewie and his monopoly were gone, a loss of at least a few hundred million dollars more.It was not easy to persuade the monarchy to let go of its monopoly of power.In contrast, public monopolies that are thrust fully into competition have little choice but to please their customers.It is poor families who are usually stuck with the worst consequences of school monopoly and bureaucratization.Tax concessions for new companies and the end of the state monopoly on import-export trade were also announced.After decades of dreary state-run television monopolies, most of these markets are starting to open up to private competitors.Within a few years, the company had a virtual monopoly over all trade with India.Microsoft, which has had a virtual monopoly, has managed 53 % a year.monopoly of powerAt the same time it amended the republic's constitution to abolish the guaranteed Communist Party monopoly of power.