Monopoly – Exclusive control of a service or commodity

(Pronounced muh-nop-uh-lee)

To remember the definition of the word monopoly, use the following mnemonic:

They played Monopoly (monopoly) and she had possession of every hotel and house on the board. The other players were in fear because she had total control.

Examples of monopoly in a sentence

They bought out every clothing store in the city, giving them a monopoly on clothing sales.

They refused to sell out to their competitors to prevent them having a monopoly.

The beverage company's monopoly on the local market was interrupted by a new company which managed to provide better quality and prices.