Definitions
- Referring to the act of gaining exclusive control over a particular market or industry. - Talking about the process of eliminating competition and establishing a monopoly. - Describing a situation where one company or entity dominates a particular market or industry.
- Referring to a situation where one company or entity has exclusive control over a particular market or industry. - Talking about a company or entity that has eliminated competition and established a monopoly. - Describing a market or industry where there is only one dominant player.
List of Similarities
- 1Both words refer to a situation where one company or entity has exclusive control over a particular market or industry.
- 2Both words involve the elimination of competition.
- 3Both words can have negative connotations, such as unfair business practices or lack of consumer choice.
What is the difference?
- 1Definition: Monopolisation refers to the act of gaining exclusive control, while monopoly refers to the state of having exclusive control.
- 2Process vs. Result: Monopolisation emphasizes the process of gaining control, while monopoly emphasizes the result of having control.
- 3Usage: Monopolisation is less commonly used than monopoly.
- 4Formality: Monopoly is more commonly used in both formal and informal contexts, while monopolisation is more formal and less frequently used.
- 5Verb vs. Noun: Monopolisation is a verb form, while monopoly is a noun.
Remember this!
Monopolisation and monopoly are related terms that refer to the exclusive control of a particular market or industry by one company or entity. However, monopolisation emphasizes the process of gaining control, while monopoly emphasizes the result of having control. Monopoly is more commonly used and can be employed in both formal and informal contexts, while monopolisation is more formal and less frequently used.
