monopoly
word
Definition
A monopoly is a situation where one company or group controls all or nearly all of the business or supply of a product or service, so there is little or no competition.
Usage & Nuances
Used mainly in business, economics, and law. Common in phrases like 'natural monopoly', 'state monopoly', or 'hold a monopoly on'. Also the name of a popular board game, but that is a separate usage.
Example Sentences
A monopoly makes it hard for new businesses to compete.
basic
Governments sometimes break up a monopoly to protect consumers.
basic
Tech giants are often accused of trying to build a monopoly online.
natural
My brother always wins at Monopoly, even though I try my best!
natural
The company has a monopoly on electricity in the region.
basic
When one company controls everything, prices usually go up due to their monopoly.
natural