|
|
- pronunciation:
- m
na
p
li
- features:
- Word Parts
| part of speech: |
noun |
| inflections: |
monopolies |
| definition: |
Let's say one big company owns all the telephone companies in the country. This means that if you want telephone service, you have to get it from this big company, because there are no other telephone companies. In a case like this, we say that this company has a monopoly. It has a monopoly over telephone service in the area.
Nowadays there are laws that protect against monopolies. They protect against one company getting too much control over a particular industry so that customers have no choice.- similar words:
- control, power
|
|
|