monopoles
/ˈmɑnəˌpoʊlz/
noun
- Companies or groups that have complete control over a product or service, with no competition.
- Many countries have laws to prevent monopoles from forming in essential industries like water and electricity.
- The government broke up several monopoles to encourage fair prices.
- In the early 1900s, oil and steel monopoles dominated the American economy.
- Exclusive control or possession of something by a single person or group.
- No single country should have a monopole on space exploration.
- Her family had a monopole on the local fishing rights for generations.
- The company tried to create a monopole on the supply of rare minerals.