absolute monopoly


absolute monopoly
/ˌæbsəlu:t mə'nɒpəli/ noun
a situation where only one producer produces or only one supplier supplies something
The company has an absolute monopoly of imports of French wine.
The supplier’s absolute monopoly of the product meant that customers had to accept his terms.

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • absolute monopoly — UK US noun [C or U] ► a situation where only one company, country, etc. produces and sells a particular product: have an absolute monopoly on sth »In order to have an absolute monopoly on the use of an idea, you need to take out a patent. »The… …   Financial and business terms

  • absolute monopoly — noun (economics) A situation in which a single organization has total control over the output of a product, commodity or service for which there is no substitute • • • Main Entry: ↑absolute …   Useful english dictionary

  • absolute monopoly — /ˌæbsəlu:t mə nɒpəli/ noun a situation where only one producer or supplier produces or supplies something ● The company has an absolute monopoly of imports of French wine. ● The supplier’s absolute monopoly of the product meant that customers had …   Marketing dictionary in english

  • Monopoly on the legitimate use of physical force — The monopoly on the legitimate use of violence ( Gewaltmonopol des Staates , also known as monopoly on legitimate violence and monopoly on violence) is the definition of the state expounded by Max Weber in Politics as a Vocation , and has been… …   Wikipedia

  • monopoly */*/ — UK [məˈnɒpəlɪ] / US [məˈnɑpəlɪ] noun Word forms monopoly : singular monopoly plural monopolies 1) a) [countable] economics a company that has complete control of the product or service it provides because it is the only company that provides it… …   English dictionary

  • monopoly — mo|nop|o|ly [ mə napəli ] noun ** 1. ) count a company that has complete control of the product or service it provides because it is the only company that provides it: It is the government s intention to break up all monopolies. a ) count or… …   Usage of the words and phrases in modern English

  • monopoly — /mə nɒpəli/ noun a situation where one person or company is the only supplier of a particular product or service ● to be in a monopoly situation ● The company has the monopoly of imports of Brazilian wine. ● The factory has the absolute monopoly… …   Dictionary of banking and finance

  • monopoly — Absolute control of all sales and distribution in a market by one firm, due to some barrier to entry of other firms, allowing the firm to sell at a higher price than the socially optimal price. Bloomberg Financial Dictionary * * * monopoly… …   Financial and business terms

  • Monopoly — This article is about the economic term. For the board game, see Monopoly (game). For other uses, see Monopoly (disambiguation). Competition law Basic concepts …   Wikipedia

  • monopoly — noun 1 control by one company ADJECTIVE ▪ effective, near, virtual ▪ absolute (esp. AmE), total ▪ government, state …   Collocations dictionary


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.