Monopolize: meaning, definitions and examples
๐
monopolize
[ mษหnษpษlaษชz ]
business control
To monopolize means to obtain exclusive control over a commodity or service in a market, effectively eliminating competition. This can lead to a market situation where one entity dominates and influences prices, availability, and distribution without checks from other market players. Monopolization can occur through various means, such as mergers, acquisitions, or underhanded practices that push competitors out of the market. Anti-monopoly laws are put in place to prevent this from happening and to promote fair competition.
Synonyms
Examples of usage
- The company tried to monopolize the smartphone market.
- Critics say the merger will allow them to monopolize advertising space.
- Large corporations often monopolize resources, making it hard for startups to compete.
Translations
Translations of the word "monopolize" in other languages:
๐ต๐น monopolizar
๐ฎ๐ณ เคเคเคพเคงเคฟเคเคพเคฐ เคเคฐเคจเคพ
๐ฉ๐ช monopolisieren
๐ฎ๐ฉ monopoli
๐บ๐ฆ ะผะพะฝะพะฟะพะปัะทัะฒะฐัะธ
๐ต๐ฑ monopolizowaฤ
๐ฏ๐ต ็ฌๅ ใใ (ใฉใใใใใ)
๐ซ๐ท monopoliser
๐ช๐ธ monopolizar
๐น๐ท tekelci olmak
๐ฐ๐ท ๋ ์ ํ๋ค (๋ ์ ํ๋ค)
๐ธ๐ฆ ุงุญุชูุงุฑ
๐จ๐ฟ monopolizovat
๐ธ๐ฐ monopolizovaลฅ
๐จ๐ณ ๅๆญ (lวngduร n)
๐ธ๐ฎ monopolizirati
๐ฎ๐ธ eina einokun
๐ฐ๐ฟ ะผะพะฝะพะฟะพะปะธัาะฐ ะฐะนะฝะฐะปะดััั
๐ฌ๐ช แแแแแแแแแแแชแแ
๐ฆ๐ฟ monopolizasiya
๐ฒ๐ฝ monopolizar
Etymology
The word 'monopolize' derives from the Greek word 'monopolion', which means 'a selling alone'. It was formed by combining 'mono-', meaning 'one' or 'single', and 'polein', meaning 'to sell'. The term began to be used in English in the early 17th century to describe the act of gaining exclusive possession of a trade or service. As economies evolved, so did the implications of monopolization, especially in emerging markets during the industrial revolution. With the advent of anti-trust laws in the late 19th and early 20th centuries, the concept of monopolizing became significant in legal discussions about market control and the balance between businesses and consumer rights. Over time, the use of the word has expanded into various socio-economic discussions, reflecting the ongoing concern about corporate power and consumer welfare.