monopolisation
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
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domination (of a market or commodity) to the exclusion of others
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