monopolisation

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Definition

Noun: 1. The act or process of gaining, or the state of having, exclusive control over a market, commodity, or service: It refers to the domination of a market or commodity to the exclusion of others, preventing competition.

Usage
  • The term is used to describe a market situation or the actions that lead to it.
  • It often carries a negative connotation, implying unfair practices or a reduction in consumer choice.
  • It is a formal term commonly used in economics, business, and legal contexts.
Examples
  • The government introduced new laws to prevent the monopolisation of the telecommunications industry.
  • Critics argue that the monopolisation of the market by a single company leads to higher prices.
  • The rapid monopolisation of online search engines has raised significant antitrust concerns.
Advanced Usage
  • "to seek/achieve monopolisation": This describes the goal or the successful outcome of gaining exclusive control.
    • The corporation's strategy was clearly to seek monopolisation of the regional energy supply.
  • Used in passive constructions to describe the state of a market.
    • The sector is moving towards monopolisation, with smaller firms being acquired or forced out.
Variants and Related Words
  • Monopolize (verb): To have or take exclusive control of something.
    • The large company sought to monopolize the market.
  • Monopoly (noun): The exclusive possession or control of the supply of or trade in a commodity or service.
    • The company held a legal monopoly on the product for twenty years.
  • Monopolistic (adjective): Having the character of a monopoly.
    • The regulators investigated the firm's monopolistic practices.
Synonyms
  • Domination
  • Control
  • Cornering (of a market)
  • Takeover (in a market context)
Antonyms
  • Competition
  • Deregulation
  • Liberalization
Related Phrases / Concepts
  • Antitrust laws: Laws designed to promote competition and prevent monopolisation.
  • Market dominance: A strong position in a market, which may or may not constitute a full monopolisation.
  • Barrier to entry: An obstacle that makes it difficult for new companies to enter a market, often facilitating monopolisation.
Noun
  1. domination (of a market or commodity) to the exclusion of others

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