monopolistic

Meanings

• adjective

  The existence of a market dominated by a single individual, business, or group that influences price and quantity.

• Relating to or characterized by the possession of a monopoly.

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Variants

List of all variants of monopolistic that leads to same result
monopolist , monopolistic , monopolistically , monopolists

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Etymology

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

From Greek monopolios, a monopoly, from monos, alone + polein, to sell.

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Trivia

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

1. The word 'monopoly' comes from the Greek words monos, meaning 'single', and polis, meaning 'seller'.

2. Monopolies can exist in various industries, including utilities, transportation, and technology.

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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. Monopoly: A market structure characterized by a single seller or supplier.

2. Oligopoly: A market structure in which a small number of sellers dominate.

3. Competitive markets: Markets with many buyers and sellers, where no single participant has significant market power.

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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.

Monopolistic practices have been a topic of concern in economics and business for centuries, with debates surrounding their impact on competition, consumer welfare, and economic efficiency. Monopolies have been portrayed in literature, such as in George Orwell's 'Animal Farm', where the pigs represent a monopolistic power.

How to Memorize "monopolistic"

1. visualize
   

   - Imagine a single seller controlling the entire market, setting prices and limiting competition.

2. associate
   

   - Think of a company that has no competitors and can set prices as it pleases.

3. mnemonics
   

   - Monopolistic: One seller, Policies, and Lots of Control.

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