- /ˌæbsəlu:t mə'nɒpəli/ nouna situation where only one producer or supplier produces or supplies something● The company has an absolute monopoly of imports of French wine.● The supplier’s absolute monopoly of the product meant that customers had to accept his terms.
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absolute monopoly — UK US noun [C or U] ► a situation where only one company, country, etc. produces and sells a particular product: have an absolute monopoly on sth »In order to have an absolute monopoly on the use of an idea, you need to take out a patent. »The… … Financial and business terms
absolute monopoly — noun (economics) A situation in which a single organization has total control over the output of a product, commodity or service for which there is no substitute • • • Main Entry: ↑absolute … Useful english dictionary
absolute monopoly — /ˌæbsəlu:t mə nɒpəli/ noun a situation where only one producer produces or only one supplier supplies something ● The company has an absolute monopoly of imports of French wine. ● The supplier’s absolute monopoly of the product meant that… … Dictionary of banking and finance
Monopoly on the legitimate use of physical force — The monopoly on the legitimate use of violence ( Gewaltmonopol des Staates , also known as monopoly on legitimate violence and monopoly on violence) is the definition of the state expounded by Max Weber in Politics as a Vocation , and has been… … Wikipedia
monopoly */*/ — UK [məˈnɒpəlɪ] / US [məˈnɑpəlɪ] noun Word forms monopoly : singular monopoly plural monopolies 1) a) [countable] economics a company that has complete control of the product or service it provides because it is the only company that provides it… … English dictionary
monopoly — mo|nop|o|ly [ mə napəli ] noun ** 1. ) count a company that has complete control of the product or service it provides because it is the only company that provides it: It is the government s intention to break up all monopolies. a ) count or… … Usage of the words and phrases in modern English
monopoly — /mə nɒpəli/ noun a situation where one person or company is the only supplier of a particular product or service ● to be in a monopoly situation ● The company has the monopoly of imports of Brazilian wine. ● The factory has the absolute monopoly… … Dictionary of banking and finance
monopoly — Absolute control of all sales and distribution in a market by one firm, due to some barrier to entry of other firms, allowing the firm to sell at a higher price than the socially optimal price. Bloomberg Financial Dictionary * * * monopoly… … Financial and business terms
Monopoly — This article is about the economic term. For the board game, see Monopoly (game). For other uses, see Monopoly (disambiguation). Competition law Basic concepts … Wikipedia
monopoly — noun 1 control by one company ADJECTIVE ▪ effective, near, virtual ▪ absolute (esp. AmE), total ▪ government, state … Collocations dictionary