WebPure Monopoly A company that has total control of a given market. Most of the time, a pure monopoly exists in a situation in which a company has a patent or uses some technology that is popular with consumers, but is protected from use by another company, at least for limited period of time. See also: Duopoly, Antitrust. WebFrom Longman Business Dictionary mo‧nop‧o‧ly /məˈnɒpəliməˈnɑː-/ noun (plural monopolies) 1 [ countable, uncountable] a situation where a business activity is controlled by only one company or by the government, and other companies do not compete with it The national airline is no longer a monopoly.
MONOPOLY English meaning - Cambridge Dictionary
WebMonopoly Definition. Before jumping into the definition of monopoly, let's consider why monopolies exist in the first place. A monopoly exists because it is very difficult for other … WebJun 29, 2024 · Fact checked by Diane Costagliola A monopoly exists when only one company can supply an essential product or service in a given region because of significant barriers to entry for any competitor.... images of the past 8th edition
Monopoly - Economics Help
WebApr 9, 2024 · monopoly (mənɒpəli ) variable noun [oft with poss] If a company, person, or state has a monopoly on something such as an industry, they have complete control over it, so that it is impossible for others to become involved in it. [...] [business] See full entry for 'monopoly' Collins COBUILD Advanced Learner’s Dictionary. Webmonopoly n. a business or inter-related group of businesses which controls so much of the production or sale of a product or kind of product as to control the market, including prices and distribution. Business practices, combinations and/or acquisitions which tend to create a monopoly may violate various fe... Webmonopoly the exclusive right or privilege granted to a person, company, etc., by the state to purchase, manufacture, use, or sell some commodity or to carry on trade in a specified country or area. The term also applies where such a state of affairs arises by independent economic activity as where a dominant player buys its competitors. list of catholic companies