0 the sole right of making or selling something etc -- monopol; -monopol
a state monopoly on oil production.
Communist parties held a monopoly of power in communist countries.
The first is the recognition that the failure of foundationalism in philosophy makes any attempt to claim a monopoly on truth, methodology etc. untenable.
The state made itself a monopoly supplier of essential goods, such as grain, which were then sold on at controlled prices.
This involves eradication of corruption and nepotism which have been used to establish monopolies.
However, patents create monopolies and lead to waste of resources as a result of static inefficiencies.
The incumbent operator enjoyed monopoly rents and did not want to give up this special status.
Nevertheless, lighthouse reform enabled the whigs and radicals to pose as crusaders against local monopolies which the tories sought to perpetuate.
After a period of monopoly, the new processes diffuse to economies capable of absorbing, and often improving upon, the techniques.
