monopolization

[məˌnɑːpəlaɪˈzeɪʃən]

monopolization Definition

the act of having complete control over a particular market or industry.

Using monopolization: Examples

Take a moment to familiarize yourself with how "monopolization" can be used in various situations through the following examples!

  • Example

    The government is taking action to prevent the monopolization of the telecommunications industry.

  • Example

    The company's monopolization of the market has led to higher prices for consumers.

  • Example

    The monopolization of the oil industry by a few large corporations has led to concerns about fair competition.

monopolization Synonyms and Antonyms

Synonyms for monopolization

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Summary: monopolization in Brief

The term 'monopolization' [məˌnɑːpəlaɪˈzeɪʃən] refers to having complete control over a particular market or industry. It is often used to describe situations where a single company or group dominates a market, leading to higher prices and concerns about fair competition. Examples include the monopolization of the telecommunications and oil industries.