monopoly - Master This Word
Master this word with our 5-step learning method – Learn English in English
monopoly Word Meanings
- a situation where one company or group has complete control over a market
- exclusivity in a particular market
- control of a service or commodity by a single entity
monopoly Example Sentences
Example sentences are the start of understanding. Don't rush to memorize. First feel how the word works in a sentence.
monopoly Phonetic & Pronunciation
UK
/məˈnɒp.əl.i/
US
/məˈnɑː.pəl.i/
monopoly Word Etymology
mono- = one + poly = sell. Historical origin: Greek → Latin → Old French → English. Imagine a single seller standing alone in a market, surrounded by empty stalls, with no one else to compete with; this visual reinforces the idea of monopoly.
Note 1: These definitions and etymologies are not standard dictionary definitions, but extended explanations provided to help with memorization and understanding of the actual application of words. Through this background information, we strive to make words more vivid and easier to understand, and help you remember their meanings in real life.
Note 2: LexiTalk designs the learning flow around the linguistics principle of “Comprehensible Input.” When learners encounter material that is slightly above their level but still understandable from context, the brain naturally absorbs the language. That’s why we keep every word inside authentic contexts, using examples and associations to help you understand it and use it flexibly.
Read the FAQ explanation of Comprehensible InputEnglish Brain Route
I place my hand on the board and push the last marker into the corner. The grid settles and one color begins to sweep the row, while the other pieces are nudged aside. I lean forward, adjust my grip, and keep the pace steady as the room quiets in my favor. The feeling of holding a small, tight grip on the entire field grows, a sign that the idea of monopoly might be forming in practice.
Real Context
Monopoly is a market situation in which a single company or group has exclusive control over the sale of a product or service, leaving little room for competitors. It can arise from natural advantages, regulatory barriers, or aggressive tactics that block rivals. In everyday English, monopoly is often discussed as a problem because it can lead to higher prices, poorer service, and reduced innovation. The word also carries historical and legal weight, distinguishing the concept from merely being the largest player in a field. The idea can apply to industries, utilities, or even a rare resource controlled by one seller.
Usage Reminders
- Use singular with a or the; talk about a monopoly on a product or service; contrast with a market where there is dominance but not a monopoly; discuss antitrust implications; pair with natural or legal monopoly when appropriate; consider historical or legal contexts when teaching the word
- Be careful with verb forms: monopoly (n), monopolize (v), monopolistic (adj).
Common Misconceptions
- Monopoly means the biggest company in a market, not exclusive control.
- All monopolies are illegal or automatically harmful.
- Monopoly is the same as having a dominant market share.
- A monopoly cannot be temporary or limited to a specific region.
- Monopoly and monopolize are the same form; one is the noun, the other a verb.
Thinking Differences
In English, monopoly is commonly framed as a market failure or antitrust concern, so learners often mix it up with mere market dominance or with the verb 'monopolize.' Emphasize exclusive control, entry barriers, and legal/regulatory contexts to avoid confusion with everyday large firms.
Learning Tips
- Learn the noun plural: monopoly vs monopolies.
- Study the verb form: monopolize and its meaning.
- Note collocations: monopoly on vs monopoly in (use on for exclusive control).
- Link to antitrust laws and regulation for context.
- Distinguish natural monopoly from legal monopoly.
- Use real-world examples to remember the concept.
5-Step Learning Method - Learn English in English
Step 1: Meaning
What is the meaning of 'monopoly'?
A.A type of game
B.A method of farming
C.A type of government
D.A situation in which a single company or group controls the market
Step 2: Usage
Which sentence uses 'monopoly' correctly?
A.She shared her toys with everyone, breaking the monopoly of her siblings.
B.He worked hard to create a monopoly of kindness in the community.
C.The big corporation implemented a monopoly over the industry, controlling prices and supply.
D.The government decided to share the power equally, breaking the monopoly in politics.
Step 3: Similar Words
What is a synonym for 'monopoly'?
A.Oligopoly
B.Expansion
C.Competition
D.Monotony
Step 4: Opposite Words
In what real-world situation can a monopoly occur?
A.A neighborhood picnic with multiple food vendors
B.A school project with different team leaders
C.A company owning all the water sources in a region
D.A group of friends sharing equally at a party
Step 5: Mastery
How would you describe the impact of a monopoly on consumers?
A.Positive
B.Variable
C.Neutral
D.Negative
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