monopolization Definition
the act of having complete control over a particular market or industry.
Using monopolization: Examples
Take a moment to familiarize yourself with how "monopolization" can be used in various situations through the following examples!
Example
The government is taking action to prevent the monopolization of the telecommunications industry.
Example
The company's monopolization of the market has led to higher prices for consumers.
Example
The monopolization of the oil industry by a few large corporations has led to concerns about fair competition.
monopolization Synonyms and Antonyms
Synonyms for monopolization
Summary: monopolization in Brief
The term 'monopolization' [məˌnɑːpəlaɪˈzeɪʃən] refers to having complete control over a particular market or industry. It is often used to describe situations where a single company or group dominates a market, leading to higher prices and concerns about fair competition. Examples include the monopolization of the telecommunications and oil industries.
