What does monopoly mean?
A situation in which a particular thing or group has complete control or dominance over something, especially a market or industry. A game in which players roll dice to move around a board, buying and trading properties, with the goal of bankrupting other players.
Example
"The company's monopoly on the market allowed it to set prices and dictate terms to its customers."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.