monopolymo‧nop‧o‧ly /məˈnɒpəli $ məˈnɑː-/ ●●○ noun (plural monopolies) 
They are demanding an end to the Communist Party’s monopoly of power. the state monopoly of televisionmonopoly on/in For years Bell Telephone had a monopoly on telephone services in the US. a monopoly in copper trading2[countable] a large company that controls all or most of a business activity: The company is a state-owned monopoly.3[singular] if someone has a monopoly on something, that thing belongs to them, and no one else can share it: Teachers do not have a monopoly on educational debate.
WORD ORIGINmonopoly
Origin:
1500-1600 Latin monopolium, from Greek, from mono- ( ➔ MONO-) + polein ‘to sell’EXAMPLES FROM OTHER DICTIONARIES
- It is not good for consumers if one company has a monopoly in any area of trade.
- It was not easy to persuade the monarchy to let go of its monopoly of power.
- the De Beers diamond monopoly
- Within a few years, the company had a virtual monopoly over all trade with India.
- After decades of dreary state-run television monopolies, most of these markets are starting to open up to private competitors.
- Because the state tried to enforce a monopoly on ideas, intellectuals were both at great risk and terrifically influential.
- In contrast, public monopolies that are thrust fully into competition have little choice but to please their customers.
- It is poor families who are usually stuck with the worst consequences of school monopoly and bureaucratization.
- Lewie and his monopoly were gone, a loss of at least a few hundred million dollars more.
- Microsoft, which has had a virtual monopoly, has managed 53 % a year.
- Tax concessions for new companies and the end of the state monopoly on import-export trade were also announced.
Longman Language Activatorto completely control a situation
to be the most powerful or important person or thing in a situation and therefore able to control it completely: · Men still tend to dominate the world of law - hardly any top judges are women.· You shouldn't allow your job to dominate your life like that.· A handful of multinational companies dominate the economy.
also monopolise British to completely control an activity, situation etc and unfairly prevent other people or organizations from having any control over it at all: · All night he monopolized the conversation, not letting anyone else get a word in.· The company has monopolized the building market in this area.
a situation in which one person or organization unfairly has complete control: have a monopoly: · It is not good for consumers if one company has a monopoly in any area of trade.monopoly of: · It was not easy to persuade the monarchy to let go of its monopoly of power.monopoly over: · Within a few years, the company had a virtual monopoly over all trade with India.
total power and control over a situation, organization etc - use this especially when you think this is not fair or right: have a stranglehold on something: · For years, two giant recording companies have had a stranglehold on the CD market.break the stranglehold (=to stop someone having complete control): · Satellite TV should at last break the stranglehold of the big national TV channels.
to control a situation completely: · In modern politics, no one political group can expect to have total control.have total/complete control over: · The head of department has complete control over the budget.
if a person or group holds sway , they have the most power or influence over the people in a particular situation, place, or organization: · The old communist party still holds sway in many rural areas.hold sway over: · This all happened long ago, when priests held sway over the majority of the Irish people.
WORD SETSadmin, nounadministration, nounadministrative, adjectiveadministrator, nounagency, nounagent, nounbalance sheet, nounbazaar, nounbid, nounbid, verbbig business, nounbook value, nounboss, nounbottom line, nounbranch, nouncapacity, nouncapital, nouncapital assets, nouncapital gains, nouncapital goods, nouncapital-intensive, adjectivecapitalist, nouncard, nouncentralize, verbcompetitiveness, nounconsultancy, nouncontract, nouncontract, verbcost-effective, adjectivecoupon, nouncritical path, noundecentralize, verbdeveloper, noundistiller, noundistributor, noundiversify, verbdownsize, verbeconomics, nounenterprise, nounentrepreneur, nounestablishment, nounfashion, nounfly-by-night, adjectivefold, verbfoodstuff, nounform letter, nounfranchise, verbfranchisee, noungazump, verbgearing, noungeneric, adjectiveget, verbhard sell, nounhaute couture, nounhigh season, nounhigh technology, nounhike, nounhike, verbloss, nounlow-tech, adjectivemaximize, verbMD, nounmerchandise, verbmerchandising, nounmerger, nounmiddleman, nounmiller, nounmission statement, nounmom-and-pop, adjectivemoneygrabbing, adjectivemoneymaker, noun-monger, suffixmonopolistic, adjectivemonopoly, nounnet, adjectivenet, verbniche, nounoff-the-peg, adjectiveopening time, nounoperation, nounoperational, adjectiveoperator, nounoption, nounoutlay, nounoutlet, nounoutput, nounoutwork, nounoverhead, nounoverstock, verbpackage, nounpartner, nounpartnership, nounpatent, nounpayola, nounpercentage, nounpiracy, nounpremium, nounprivate practice, nounprivatization, nounprivatize, verbprofitability, nounproprietor, nounproprietress, nounpurchase price, nounpurchasing power, nounquiet, adjectiveR & D, nounrate of return, nounrecall, verbreject, nounrep, nounresearch and development, nounrestrictive practices, nounrevenue, nounsell, verbservice industry, nounsleeping partner, nounspeculate, verbspeculation, nounspeculative, adjectivestreet value, nounsubtotal, nounswap meet, nounsweatshop, nounsyndicate, nounsystems analyst, nountake, nountender, nountie-up, nounTM, transact, verbtransaction, nounturnover, nounundersell, verbuneconomic, adjectiveunit, noununprofitable, adjectivevideo conferencing, nounwatchdog, nounwheeler-dealer, nounwheeling and dealing, noun
COLLOCATIONS FROM THE ENTRY They are demanding an end to the Communist Party’s monopoly of power. the state monopoly of television For years Bell Telephone had a monopoly on telephone services in the US. Teachers do not have a monopoly on educational debate.COLLOCATIONS FROM THE CORPUSADJECTIVE
1[countable] if a company or government has a monopoly of a business or political activity, it has complete control of it so that other organizations cannot compete with itmonopoly of They are demanding an end to the Communist Party’s monopoly of power. the state monopoly of television For years Bell Telephone had a monopoly on telephone services in the US. Teachers do not have a monopoly on educational debate.· At the same time it amended the republic's constitution to abolish the guaranteed Communist Party monopoly of power.
· It might be thought of as over-reacting but the development of local monopolies and cartels is just conceivable.· As capital has become more powerful, it has also sought to dissolve other local monopolies that have hitherto been immune.
· Therefore the possibility of there being a natural monopoly is intimately related to the assumptions regarding potential entrant behaviour.· First, they are related to subadditivity - the question of whether or not the industry is a natural monopoly.· This chapter examines these questions from a theoretical standpoint within the framework of natural monopoly industries.· Therefore, in such situations natural monopolies will be sustainable for many different prices.· The problems of choosing an appropriate framework for any privatised natural monopoly have already been considered.· Our concern essentially is with the first of these possibilities, the case of natural monopoly - no competition is possible.· The purpose of these calculations has been to demonstrate that rising average cost is consistent with natural monopoly.· Particularly important was the need to have natural monopolies in public ownership.
· Bureaucracies need to have a near monopoly of political and administrative information. 6.· Catherine spoke with unusual authority at a time when men held a near monopoly on religious power in the church.· Until this time, Episcopalians enjoyed a near monopoly south of Maryland.
· Selling state assets itself will bring little competition to over-centralised economies, if private monopolies replace state ones.· If they did work and were transferred to anyone, that person would have a private monopoly.· Prices fixed by private monopolies such as these would be no truer a reflection of the market than those fixed by the state.· In such cases, governments can grant a private monopoly and regulate its prices, or they can create a public monopoly.· Yet the current Government has concentrated instead on converting public into private monopolies.· What happened in the water industry, for example, was that a public monopoly was turned into a private monopoly.· In many cases private monopolies have replaced the public sector, resulting in higher prices and poorer service.· Mr. Eadie Will the Prime Minister consider the abolition of standing charges to pensioners by the private monopolies?
· Within the state sector, the statutory public monopoly of electricity supply and express delivery service has been ended.· In such cases, governments can grant a private monopoly and regulate its prices, or they can create a public monopoly.· The Energy Act abolished the public sector's monopoly and allowed private companies to generate electricity as a main business.· In contrast, public monopolies that are thrust fully into competition have little choice but to please their customers.· Yet the current Government has concentrated instead on converting public into private monopolies.· Competition that is structured carefully, however, can produce more equitable results than service delivery by a public monopoly.· What happened in the water industry, for example, was that a public monopoly was turned into a private monopoly.· This did indeed run counter to the original principle of a benign public monopoly.
· Within the state sector, the statutory public monopoly of electricity supply and express delivery service has been ended.· It is also noteworthy that Hill was vehemently opposed to the statutory monopoly.
· Microsoft, which has had a virtual monopoly, has managed 53 % a year.· Fan has said Citic supports challenging the virtual monopolies enjoyed by Cathay and Telecom.· It acquired and developed the original photocopier technology and in its heyday it had a virtual monopoly and made huge profits.· He thought they could be beaten-that their virtual monopoly of the running shoe market could be overthrown.· In many cases a virtual monopoly service has been involved and the direct target has been the public.· Since the boycott of eastern goods was not totally effective, it enabled Gentile merchants to establish a virtual monopoly in commerce.· The state's former virtual monopoly of enterprises was reduced with the expansion of the private sector.· Mr O'Neill ran Alcoa, a virtual aluminium monopoly.
NOUN· This fusion is cemented by the dominant role of monopoly capital in financing and influencing non-communist political parties and the mass media.· The approach also assumes. without showing what it is, that monopoly capital has a single and unitary purpose and goal.· Second, public bureaus come to be organized in a monopolistic and centralized fashion to match the organization of monopoly capital.· Working-class political parties also came to serve a useful integrative function for monopoly capital.· Neither is it acceptable to see the state as entirely dependent on monopoly capital as some Marxists still suggest.· It would have suited the economic interests of monopoly capital if the plan had proposed a high rate of growth.· Of course, with the development of international monopoly capital and multinational companies, additional sources of power have been brought into play.
· Popular culture instead reproduced essentially passive individuals as labour power for monopoly capitalism.· The whole net of relationships between community and subculture, class and centralizing monopoly capitalism thus took on a different shape.
· Greenpeace is deeply concerned that this development will lead to monopoly control over genetic resources and an even greater dependence on herbicides.
· The privatised boards have given themselves an inbuilt incentive to exploit their monopoly position.· Those suppliers of heavy materials and goods will easily survive, because they have a monopoly position.· Playing on the defense are telephone companies and cable television companies, providers that have enjoyed monopoly positions for decades.· This monopoly position is therefore totally beyond criticism.· There has been an enormous and very genuine outcry over the vast sums it has made from a virtual monopoly position.
· The removal of tariffs can reduce monopoly power within the home country by increasing the possible sources of supply.· When this measure is larger than one, which happens in the presence of monopoly power, average revenue declines with output.· This excess of price over both marginal revenue and marginal cost is a convenient measure of the firm's monopoly power.· Also, when profits are driven down to zero, the degree of monopoly power equals the degree of economies of scale.· How should we measure the social cost of monopoly power and inefficient resource allocation?· In this regard, the privatization strategy was criticized as merely transferring monopoly power from the public to the private sector.· We begin with a more general discussion of all forms of imperfect competition and monopoly power.· These of course are the mergers most relevant to the formation of even larger companies with potential monopoly power.
· This can result in higher outputs, lower prices and the reduction of monopoly profits.· The large dividends paid by the more successful companies incorporated a substantial element of monopoly profit.· But rather than extract monopoly profits, firms can enjoy their market power by operating with higher costs so being x -inefficient.· In passing, it is worth remarking that the ultimate recipients of monopoly profits are the monopolist's shareholders.· If it falls also on monopoly profits, the total yield of the tax is.· With the simple constant mark-up pricing supposed, the tax on monopoly profit makes no difference.
· We had grown up with a monopoly situation and there was no semblance of looking outside.· But the main use of this act in relation to present concerns is regarding exploitation of monopoly situations.· It is not the payment of interest at exorbitant rates and so we are not dealing necessarily with a monopoly situation.
· There was little or no attempt to denationalize the giant state monopolies thereafter.· But this will entail major political concessions by the government, including the surrender of the state monopoly over electronic media.· The ending of state monopolies in the insurance, alcohol, gas and electricity sectors was also proposed.· But they will still be independent of a powerful state monopoly and monolith.· However, the state monopoly of foreign trade was to become of critical importance later on.· In broadcasting - not a priority issue for the General - the state monopoly of both transmissions and programming was reaffirmed.· On 23 June the state monopoly of radio and television was re-established.· Tax concessions for new companies and the end of the state monopoly on import-export trade were also announced.
· For a time at least the Bank as monopoly supplier can charge any rate it chooses.
· Hundreds of state-owned companies, from the telephone monopoly to steel foundries, have been sold in the past decade.
· After decades of dreary state-run television monopolies, most of these markets are starting to open up to private competitors.
VERB· It is my view that the Duty Solicitor scheme was set up by certain parties to break this monopoly.· A reformed Competition Commission will be able to break up monopolies, free from interference from ministers.· We will encourage greater competition in the banking sector. Break up monopolies.· Aethelbald's accession broke the monopoly of royal power in Mercia by Penda and his descendants which had lasted over seventy years.· James met with similar intransigence when he attempted to use his dispensing power to break the Anglican monopoly over education.
· The world is now parcelled up in independent States which claim a monopoly in the employment of nationalism.
· He fears this would merely create a private-sector monopoly and would not improve the service.· In such cases, governments can grant a private monopoly and regulate its prices, or they can create a public monopoly.· Last May it directed member states to do away with licensing rules like Britain's, which create import monopolies.· He created two competing monopolies which are causing considerable unrest within the industry.
· When an industry is imperfectly competitive we say that each firm in the industry enjoys a degree of monopoly power.· Until this time, Episcopalians enjoyed a near monopoly south of Maryland.· Class politics do not, in any case, enjoy a monopoly of political radicalism.· Playing on the defense are telephone companies and cable television companies, providers that have enjoyed monopoly positions for decades.· We enjoyed a monopoly in this trade, but unfortunately for those successful in the boom, it couldn't last for ever.
· It did both under its previous government-granted monopoly.· In such cases, governments can grant a private monopoly and regulate its prices, or they can create a public monopoly.
· One smaller Catalan industry, cork, was more consistent in its growth because it held a monopoly of raw material.· Catherine spoke with unusual authority at a time when men held a near monopoly on religious power in the church.· But it does not necessarily hold these monopoly rights for all time.
· It seems Mr Zaitsev may be about to lose his monopoly on fame.· The experiment a success, evolution suddenly lost its monopoly over the power to produce new species.· Solicitors will lose their monopoly on applying for grants of probate to deal with wills.· Telmex loses its monopoly over long-distance telephone service on Jan. 1.
· The first is that it maintain a monopoly of economic power.· All the artificial constraints of maintaining a regulated monopoly mean that it is not in the best interests of the consumer.
They are demanding an end to the Communist Party’s monopoly of power. the state monopoly of televisionmonopoly on/in For years Bell Telephone had a monopoly on telephone services in the US. a monopoly in copper trading2[countable] a large company that controls all or most of a business activity: The company is a state-owned monopoly.3[singular] if someone has a monopoly on something, that thing belongs to them, and no one else can share it: Teachers do not have a monopoly on educational debate.