monopoly
Translation
monopoly
Examples
The state has a monopoly on postal services.
The state has a monopoly on postal services.
Grammar Patterns
((a monopoly)) ((on sth.)) exclusive control over a commodity or service The state has a monopoly on postal services.
Similar Words
Synonyms: exclusive control, cartel, trust
Etymology
From Greek 'mono-' meaning 'one' and 'pōlein' meaning 'to sell'. Refers to a single seller.
Memory Tips
The famous board game 'Monopoly' is named after this economic concept.