monopoly
nounUK /məˈnɒpəli/
US /məˈnɑːpəli/
A monopoly is when one person or company is the only one selling something.
The company had a monopoly on phone service in the small town.
RELATED WORDS
OTHER MEANINGS
2. A board game in which players buy and trade properties.
We played Monopoly for three hours on family game night.
3. Complete control over a supply or trade of a good or service.
The government broke up the monopoly to protect fair prices.
4. The exclusive possession or control of something.
She had a monopoly on the conversation at dinner.