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Monopolization - Meaning, Definition & English Examples

monopolization

/məˌnɑpələˈzeɪʃən/ /məˌnɒpəlaɪˈzeɪʃən/

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.

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