monopoly

noun/məˈnɑpəli/

Frequency rank: #5,123 most common English word

Meaning

exclusive control of a product or service in a market by a single company or entity.

Illustration for the English word “monopoly”

Example sentence

One company gained monopoly over the entire smartphone market, leaving no room for competitors.

Synonyms & related words

Practice this word in the quiz

More words in ranks 5,101–5,200