Monopolizer Meaning: Definition, Examples, and Translations
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monopolizer
[หmษnษหpษlaษชzษ ]
Definition
business control
A monopolizer is a person or entity that holds a monopoly in a particular market, meaning they are the sole provider of a good or service. This can lead to a significant amount of power and influence over pricing and availability. Monopolizers can stifle competition, leading to fewer choices for consumers.
Synonyms
Examples of usage
- The tech giant became a monopolizer in the smartphone industry.
- Critics argue that the new regulations will prevent monopolizers from exploiting their market position.
- As a monopolizer, the company set prices that were unreasonably high.
Translations
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Interesting Facts
Economics
- A monopolizer can set prices higher because they control the supply and can reduce competition.
- Monopolization can lead to less innovation since there are no competing businesses pushing for improvement.
Legal Framework
- Antitrust laws exist in many countries to prevent monopolization and encourage fair competition.
- Famous cases include the U.S. government's suit against Microsoft in the late 1990s for monopolizing the software market.
Cultural Impact
- Monopolization can lead to consumer backlash, prompting movements for boycotts or support for smaller businesses.
- Pop culture often portrays monopolizers as villains, such as rich tycoons in movies who will do anything to eliminate competition.
Technology
- In tech, companies may try to monopolize user data, leading to debates about privacy and consumer rights.
- Social media platforms face scrutiny when they adopt features that push smaller competitors out of the market.
Origin of 'monopolizer'
Main points about word origin
- The word originates from the Greek 'monopolion', meaning 'one seller', where 'mono' means one and 'polein' means to sell.
- In English, the term has been used since the late 19th century to describe a market situation controlled by one entity.
The term 'monopolizer' originates from the word 'monopoly', which itself comes from the Greek 'monopลlion', meaning 'a selling alone'. The prefix 'mono-' means 'single' or 'one', while 'polein' means 'to sell'. The concept of monopoly has been around since ancient times but gained significant attention during the industrial revolution when businesses began to dominate the markets, leading to concerns over competition and market fairness. Over the years, legislation has been enacted in various countries to regulate monopolies and prevent monopolizers from engaging in practices that could harm consumers or stifle competition.