The Opposite(Antonym) of “monopolisation”
The antonym of monopolisation is competition and diversification. The antonyms competition and diversification convey a different meaning from monopolisation. It implies the presence of multiple players in the market or a variety of products or services.
Explore all Antonyms of “monopolisation”
Definitions and Examples of competition, diversification
Learn when and how to use these words with these examples!
The activity of competing against others for resources, customers, or market share.
Example
The company faced stiff competition from its rivals, which led to a decrease in its profits.
The act of expanding a business by adding new products, services, or markets.
Example
The company decided to pursue diversification by entering new markets and offering a wider range of products.
Key Differences: competition vs diversification
- 1Competition refers to the presence of multiple players in the market, while monopolisation implies the absence of competition.
- 2Diversification refers to expanding a business by adding new products, services, or markets, while monopolisation implies controlling a single product or service.
Effective Usage of competition, diversification
- 1Business: Use these antonyms to describe market conditions, business strategies, and industry trends.
- 2Economics: Incorporate these antonyms to explain market structures, pricing strategies, and consumer behavior.
- 3Politics: Utilize these antonyms to discuss government policies, regulations, and antitrust laws.
Remember this!
The antonyms have distinct meanings: Competition refers to the presence of multiple players in the market, while diversification implies expanding a business by adding new products, services, or markets. Use these words to describe market conditions, business strategies, and industry trends in business, economics, and politics.
