English to English
1. (economics) a market in which there are many buyers but only one seller
a monopoly on silver|when you have a monopoly you can ask any price you like
2. exclusive control or possession of something
They have no monopoly on intelligence
3. a board game in which players try to gain a monopoly on real estate as pieces advance around the board according to the throw of a die
4. The exclusive power, or privilege of selling a commodity; the exclusive power, right, or privilege of dealing in some article, or of trading in some market; sole command of the traffic in anything, however obtained; as, the proprietor of a patented article is given a monopoly of its sale for a limited time; chartered trading companies have sometimes had a monopoly of trade with remote regions; a combination of traders may get a monopoly of a particular product.