noun
- the act or process of obtaining exclusive control or possession of something, especially a market or commodity
- the practice of dominating or controlling something completely, leaving no room for others
Usage: often used in business and legal contexts; frequently associated with antitrust law and competition policy
Usage: can be used in non-commercial contexts
Examples
- The company faced legal action for the monopolization of the telecommunications industry.
- Antitrust laws were designed to prevent the monopolization of markets by large corporations.
- The monopolization of water resources by a single corporation harmed local communities.
- Critics argued that the merger would lead to the monopolization of the tech sector.
- The government investigated the firm's alleged monopolization practices.
- She complained about his monopolization of the conversation at dinner.
- The monopolization of land by wealthy landowners created economic inequality.
- Regulators work to prevent the monopolization of essential services.