monopolisation Definition
the act of gaining complete control over a particular market or industry, often by eliminating competition.
Using monopolisation: Examples
Take a moment to familiarize yourself with how "monopolisation" can be used in various situations through the following examples!
Example
The company's monopolization of the industry led to higher prices for consumers.
Example
The government is investigating the potential monopolization of the telecommunications market.
Example
The monopolization of the oil industry has led to a lack of innovation and investment in alternative energy sources.
monopolisation Synonyms and Antonyms
Synonyms for monopolisation
Antonyms for monopolisation
Phrases with monopolisation
the acquisition of complete control over a political system or government
Example
The military coup resulted in the monopolization of power by the ruling party.
monopolization of knowledge
the control of information or intellectual property by a single entity or group
Example
The patent laws have led to the monopolization of knowledge by large corporations.
monopolization of resources
the control of natural resources or raw materials by a single entity or group
Example
The monopolization of water resources by a few large companies has led to environmental degradation and social inequality.
Summary: monopolisation in Brief
Monopolisation [məˌnɒpəlaɪˈzeɪʃən] refers to the act of gaining complete control over a particular market or industry, often by eliminating competition. This can lead to higher prices for consumers and a lack of innovation or investment in alternative solutions. Examples include the monopolization of the oil industry and the potential monopolization of the telecommunications market. Phrases like 'monopolization of power' and 'monopolization of knowledge' describe the control of political systems and information by a single entity or group.
