Meaning of the word monopoly in English

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

monopoly

US /məˈnɑː.pəl.i/
UK /məˈnɒp.əl.i/
"monopoly" picture

Noun

1.

the exclusive possession or control of the supply of or trade in a commodity or service

Example:
The company has a virtual monopoly on the market.
The government aims to break up the existing monopolies.
2.

a board game in which players engage in property development to gain a monopoly and bankrupt opponents

Example:
Let's play a game of Monopoly tonight.
She always wins at Monopoly.