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Definition monopoly in British English

monopoly noun

noun
/məˈnɒpəli/
1

a company that has complete control of the product or service it provides because it is the only company that provides it

Example

It is the government's intention to break up all monopolies.

1.1

complete control over something by one organization or person

Example

The company has a virtual monopoly on tea sales.

Example

He did not enjoy an absolute monopoly.

Synonyms and related words
2

something that only one person or group of people has

Example

Celebrities don't have a monopoly on being interesting.

Synonyms and related words
Definition monopoly in British English