Monopolization - Meaning, Definition & English Examples
Definition:
The act of gaining exclusive control over a commodity or service in a market.
Synonyms:
domination, control, cornering, command
Part of Speech:
noun
Antonyms:
competition, sharing
Common Collocations:
market monopolization, corporate monopolization, prevent monopolization
Derivatives:
monopolize, monopolistic, monopolizer
Usage Tips:
Use "monopolization" to describe complete market control by one entity, often in economics or business contexts.
Common Phrases:
monopoly power, anti-monopolization laws, break up monopolization
Etymology:
Derived from "monopoly," from Greek "monos" (single) and "polein" (to sell).
Examples:
- 1. The company faced fines for unfair monopolization of the industry.
- 2. Monopolization reduces competition and limits consumer choices.
- 3. Governments regulate markets to prevent excessive monopolization by corporations.
- 4. The lawsuit accused the firm of illegal monopolization tactics.
- 5. Small businesses struggle against the monopolization of large chains.