What is the meaning of ''Monopoly''?

Answer 1

A monopoly is owning so much of a particular product, business or other commodity that competition is suppressed and you can control the price of that product.
In the game, a monopoly is owning all of a particular utility, railroad or all of the property of one color. Once you own this 'monopoly' you can build on it and charge more rent when your opponent lands on it.

Answer 2

The word monopoly comes from the latin word monopolium and the Greek language where 'monos' means one and 'polein' means to sell.

But the actual definition of the word is:

mo·nop·o·ly
1 : exclusive ownership through legal privilege, command of supply, or concerted action
2 : exclusive possession or control
3 : a commodity controlled by one party
4 : one that has a monopoly

Answer 3

In economics, a monopoly (from the Greek monos, one + polein, to sell) is defined as a persistent market situation where there is only one provider of a kind of product or service. Monopolies are characterized by a lack of economic competition for the good or service that they provide and a lack of viable substitute goods.

Any commercial process in which one seller controls prices and supply of a product.

Control of commodity or service in a particular market which enables the one having control to raise the price substantially above that fixed by free competition.

A market in which there is only one supplier. Three features characterize the market. First, the firm in it is motivated by profits. Secondly, it stands alone and barriers prevent new firms from entering the industry. Thirdly, the actions of the monopolists itself affect the market price of its output - it is not a price-taker. ...

the domination of a market by a single company. More frequently in contemporary capitalism, monopolies over specific markets are held not by a single company but by a group of companies acting together to standardise technologies and techniques, and to fix prices. ...

Answer 4

it implies monopoly, but having a monopoly does not imply being too big to fail. A Republican will think that is contradictory, but only because they don't understand logic. Certain essential goods and service that are critical to our infrastructure (banks, oil, etc) cannot be allowed to get to big too fail, whereas non-essential goods and services are free to fluctuate with market conditions without causing harm to the overall economy.

Answer 5

If you refer to the game the meaning is the one who dominates wins. If you mean by real life it means some court will step in and rock your world cause no one wants only one company running the show, unless it is government cause we all know they wil be fair {what a joke}.

Answer 6

You are in a business with NO competition. Thus you can charge whatever you want, since you are 'the only game' in town.

Answer 7

To take over the market.

Answer 8

to have a lot of businesses owned by one man and one man ONLY

Answer 9

to corner a market and make it litterally impossible for competition,

Answer 10

to teach you about real astate