monopolies

Meanings

• noun

  The exclusive control of a market or industry, enabling a company or group to determine prices and exclude competition.

  - "The oil monopoly raised gas prices significantly."
  - "The government investigated allegations of monopolies in the tech industry."

• noun

  A single entity that manages all aspects of the production and distribution of a good or service.

  - "The monopoly on salt production gave the company immense power."
  - "The monopoly on the water supply in the region was a source of controversy."

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Antonyms

monopsony

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Synonyms

monopolist

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Rhymes

Words rhyming with monopolies
policies , monogonies , monotonies

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Variants

List of all variants of monopolies that leads to same result
monopolies , monopoly

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Etymology

origin and the way in which meanings have changed throughout history.

From the Greek monopolion, meaning 'single sale', 'sole right'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The Microsoft antitrust case is an example of a government investigation into a monopoly.

2. The term 'monopoly' is often used metaphorically to describe a situation where one party has significant power or control.

3. The first recorded use of the term 'monopoly' was in the 16th century.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. oligopoly: A market structure where a small number of firms have the large majority of market share.

2. competition: The process of competing for consumers in a market.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Monopolies have been a topic of interest in various forms of media, such as literature and economics. In literature, monopolies have been depicted as sources of power and corruption, while in economics, they have been studied for their impact on competition and consumer welfare.

How to Memorize "monopolies"

1. visualize
   

   - Visualize a single entity controlling all aspects of an industry or market.

2. associate
   

   - Associate the word with the idea of exclusive control and power.

3. mnemonics
   

   - Mnemonic: Monopoly = Money Only Provider Of Large Yields

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