monopoly
//məˈnɒpəli//
Noun
monopolySingular
monopoliesPlural
1
The exclusive possession or control of the supply of or trade in a commodity or service.
The company has a monopoly on the local electricity supply.
2
A company or group having exclusive control over a commodity or service.
The company became a monopoly in the telecommunications industry.
3
Exclusive possession, control, or exercise of something.
No single company should have a monopoly on information.