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Bilal

What is monopoly?

Raymond:

–noun, plural -lies. 1.exclusive
control of a commodity or service in a particular market, or a control
that makes possible the manipulation of prices. Compare duopoly, oligopoly.

2.an exclusive privilege to carry on a business, traffic, or service, granted by a government.

3.the exclusive possession or control of something.

4.something that is the subject of such control, as a commodity or service.

5.a company or group that has such control.

6.the market condition that exists when there is only one seller.

7.(initial capital letter) a
board game in which a player attempts to gain a monopoly of real estate
by advancing around the board and purchasing property, acquiring
capital by collecting rent from other players whose pieces land on that
property. 

Gatita:

monopoly is a board game where you buy properties and put houses and hotels on them and pay fees and make lots of money hopefully:)

Karentitoni:

It's a board game that I kick a$$ at....see sum1's answer above!

MEGdances4smh:

you can monopolize someone-taking up all their time so they can't do what they need to get done

M60a3:

Monopoly is a game.

A monopoly is when a business has no competition. This can happen when a company is started for a new product or service that has never been invented or discovered by others. The invention of the Telephone is a prime example of this. Also, a monopoly can occur when a business either buys its competitors or uses business practices that cause them to go out of business (lower prices is the most common method).

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