monopolization

Meanings

• noun

  The exclusive control of a market or industry, allowing a single entity to set prices and exclude competition.

• noun

  The act or condition of having complete power in a particular area, especially business.

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Variants

List of all variants of monopolization that leads to same result
monopolization , monopolizations , monopolize , monopolized , monopolizer , monopolizers , monopolizes , monopolizing

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Etymology

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

From the Greek word 'monopolion', meaning 'single trade'.

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Trivia

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

1. The first recorded instance of a monopoly was granted by the English Crown to the Muscovy Company in 1555.

2. Monopolies can lead to inefficiencies and higher prices for consumers.

3. The term 'monopoly' comes from the Greek word 'monopolion', which means 'single trade'.

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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. Monopolist: An individual or corporation that holds a monopoly.

2. Monopoly: A market structure in which a single firm dominates the industry.

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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.

Monopolization has been a topic of interest in various fields such as economics, politics, and law. It has been discussed extensively in literature, particularly in novels and essays that explore the consequences of monopolies on society and individuals.

How to Memorize "monopolization"

1. visualize
   

   - Imagine a single entity controlling all the resources and production in a market, setting prices as they please and excluding competition.

2. associate
   

   - Think of a monopoly as a king ruling over a kingdom, with complete control over all resources and trade.

3. mnemonics
   

   - Monopoly: One Monopolist, One Price, Only One.

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