What is the Opposite(Antonym) of “monopoly”?

The Opposite(Antonym) of “monopoly”

The antonym of monopoly is competition and open market. The antonyms competition and open market convey a state of free and open competition, where multiple players can participate in the market.

Explore all Antonyms of “monopoly”

• competition
• open market

Definitions and Examples of competition, open market

Learn when and how to use these words with these examples!

competition

The activity or condition of competing against others.

Example

The company faced stiff competition from other players in the market.

open market

A market in which buyers and sellers can freely participate without any restrictions.

Example

The government decided to introduce reforms to create an open market for foreign investors.

Key Differences: competition vs open market

• 1. Competition refers to the state of competing against others in a market.
• 2. Open market refers to a market in which buyers and sellers can freely participate without any restrictions.

Effective Usage of competition, open market

• 1. Economics: Use these antonyms to describe different market structures and conditions.
• 2. Business: Incorporate these antonyms to discuss business strategies and market positioning.
• 3. Politics: Utilize these antonyms to discuss government policies and regulations related to markets.

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Remember this!

The antonyms have distinct nuances: Competition refers to the state of competing against others in a market, while open market refers to a market in which buyers and sellers can freely participate without any restrictions. Use these words in economics, business, and politics to describe market structures, discuss business strategies, and analyze government policies.