| Allg. |
monopolism; monopoly (1. Exclusive control by one group of the means of producing or selling a commodity or service: "Monopoly frequently... arises from government support or from collusive agreements among individuals" (Milton Friedman). 2. Law. A right granted by a government giving exclusive control over a specified commercial activity to a single party. 3. a. A company or group having exclusive control over a commercial activity. b. A commodity or service so controlled. 4. a. Exclusive possession or control: arrogantly claims to have a monopoly on the truth. b. Something that is exclusively possessed or controlled: showed that scientific achievement is not a male monopoly. AHD Alexander Demidov) |
