Monopoly - Definition - Law Dictionary Home Dictionary Definition monopoly

Definition :

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