monopolism

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mo·nop·o·ly

M0398000 (mə-nŏp′ə-lē)n. pl. mo·nop·o·lies 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. a. A company, group, or individual having exclusive control over a commercial activity.b. A commodity or service so controlled.3. 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.
[Latin monopōlium, from Greek monopōlion : mono-, mono- + pōlein, to sell; see pel- in Indo-European roots.]
mo·nop′o·lism n.mo·nop′o·list n.mo·nop′o·lis′tic adj.mo·nop′o·lis′ti·cal·ly adv.

monopolism

the practices and system of a monopoly. — monopolist, n. — monopolistic, adj.See also: Trade