What context can I use each word in?
Learn when and how to use these words with these examples!
exclusivity
Example
The club offers exclusivity to its members, ensuring they have access to all its facilities. [exclusivity: noun]
Example
The company signed an exclusivity agreement with the supplier, ensuring they are the only ones who can sell their products. [exclusivity: noun]
monopoly
Example
The government broke up the monopoly held by the telecommunications company to encourage competition. [monopoly: noun]
Example
The company has a monopoly on the production of a particular type of medicine, allowing them to set high prices. [monopoly: noun]
Good things to know
Which word is more common?
Monopoly is more commonly used than exclusivity in everyday language, especially in business or economic contexts. Exclusivity is less common and often associated with luxury or prestige.
Whatโs the difference in the tone of formality between exclusivity and monopoly?
Both exclusivity and monopoly can be used in formal or informal contexts, but monopoly is more likely to be used in legal or regulatory contexts due to its potential legal implications.
