Meaning of the word exclusivity in English

What does exclusivity mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

exclusivity

US /ˌek.skluːˈsɪv.ə.t̬i/
UK /ˌek.skluːˈsɪv.ə.ti/

Noun

the quality of being exclusive; the state of being limited to only one person, group, or organization

Example:
The club prides itself on its exclusivity, only accepting members by invitation.
The contract grants them exclusivity in distributing the product in the region.