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Monopolized: meaning, definitions and examples

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monopolized

 

[ məˈnɒpəlaɪzd ]

Verb
Context #1 | Verb

economic control

Monopolized refers to a situation where a single entity or company has exclusive control over a particular market or commodity. This often results in the elimination of competition, allowing the monopolizer to set prices, control supply, and diminish consumer choices. Such practices can lead to regulatory scrutiny and anti-trust lawsuits, as monopolies can harm consumers by creating higher prices and inferior products. The concept is widely discussed in economics, political science, and business.

Synonyms

conquered, controlled, cornered, dominated

Examples of usage

  • The company monopolized the market for smartphones.
  • Several regulations were enacted to prevent one corporation from monopolizing essential services.
  • She monopolized the conversation at the dinner party.
  • They feared the large tech firm would monopolize the emerging AI industry.

Translations

Translations of the word "monopolized" in other languages:

🇵🇹 monopolizado

🇮🇳 एकाधिकार किया गया

🇩🇪 monopolisiert

🇮🇩 dimonopoli

🇺🇦 монополізовано

🇵🇱 monopolizowany

🇯🇵 独占された

🇫🇷 monopolisé

🇪🇸 monopolizado

🇹🇷 tekel altına alınmış

🇰🇷 독점된

🇸🇦 محتكر

🇨🇿 monopolizovaný

🇸🇰 monopolizovaný

🇨🇳 垄断的

🇸🇮 monopolizirano

🇮🇸 einafari

🇰🇿 монополияға айналдырылған

🇬🇪 მონოპოლიზებული

🇦🇿 monopoliyalaşdırılmış

🇲🇽 monopolizado

Etymology

The term 'monopolized' stems from the noun 'monopoly,' which has roots in the Greek words 'monos' meaning 'alone' and 'polein' meaning 'to sell.' The modern usage of 'monopoly' began in the 16th century, referring to the exclusive possession or control of the supply of or trade in a commodity. Over time, the term evolved to signify the broader concept of market control by a singular entity, not just in sales but in various forms of economic dominance. The action of monopolizing was especially pertinent during the industrial revolution, where large corporations often sought to eliminate competition through aggressive strategies. As economies developed, legal frameworks began to emerge, highlighting the problematic nature of monopolies and establishing the need for regulations to maintain fair competition.

Word Frequency Rank

Positioned at #22,429, this word is part of extensive vocabulary. It's relatively rare in general usage but may be important in specific fields or formal writing.