monopoly

Definitions

  • WordNet 3.6
    • n Monopoly 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
    • n monopoly exclusive control or possession of something "They have no monopoly on intelligence"
    • n monopoly (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"
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Webster's Revised Unabridged Dictionary
  • Interesting fact: The game Monopoly has been played by approximately 500 million people in the world, and the game is available in 26 languages
    • Monopoly Exclusive possession; as, a monopoly of land. "If I had a monopoly out, they would have part on 't."
    • Monopoly The commodity or other material thing to which the monopoly relates; as, tobacco is a monopoly in France.
    • Monopoly 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. "Raleigh held a monopoly of cards, Essex a monopoly of sweet wines."
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Century Dictionary and Cyclopedia
  • Interesting fact: The longest game of Monopoly played underwater is 45 days
    • n monopoly An exclusive privilege to carry on a traffic.
    • n monopoly Specifically, in Eng. constitutional hist., and hence sometimes in American law, such an exclusive privilege when granted by the crown or state to an individual, association, or corporation, for the sake of the pecuniary advantage of its exclusiveness. A privilege not granted by the state, but secured by buying up the article, is termed by the English law engrossing. The legal objection to a monopoly, in this sense of the word, is that it can be secured only by forbidding all other citizens except the favored grantee to exercise a common-law right. Exclusive privileges granted by the state to a limited number of persons for the sake of enabling the state the better to regulate the traffic for the protection of the rest of the community, as in case of banking franchises, liquor traffic, etc., are not deemed monopolies, although the same privileges would be, if conferred on a single or a very few grantees, for the sake of the pecuniary benefit to them. So the exclusive privileges conferred on inventors and authors, by the patent and copyright laws, for the sake of the encouragement of the arts and literature, and extending only to articles originally devised under that encouragement, are not deemed monopolies. Both these classes of grants have, however, been condemned by some as partaking of the character of monopolies.
    • n monopoly In political economics, and as used in a general sense in law, such an exclusive privilege to carry on a traffic, or deal in or control a given class of articles, as will enable the holder to raise prices materially above what they would be if the traffic or dealing were free to citizens generally. In this sense, that exclusive control of a particular kind of product which results from the legitimate ownership of the only land from which it can be obtained, as in the case of some mineral waters, or earths, or ores, is sometimes spoken of as a natural monopoly, in contrast to the artificial monopolies created by state grant. See virtual monopoly, below.
    • n monopoly That which is the subject of a monopoly: as, in Bengal opium is a monopoly.
    • n monopoly The possession or assumption of anything to the exclusion of other possessors: thus, a man is popularly said to have a monopoly of any business of which he has acquired complete control.
    • n monopoly Loosely, a company or corporation which enjoys a monopoly.
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Chambers's Twentieth Century Dictionary
  • Interesting fact: The record for the longest Monopoly game played in a bathtub is ninety-nine hours
    • n Monopoly the sole power of dealing in anything: exclusive command or possession:
    • n Monopoly (law) a grant from the crown to an individual for the sole right to deal in anything
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Quotations

  • Daniel Webster
    Daniel%20Webster
    “The right of an inventor to his invention is no monopoly; in any other sense than a man's house is a monopoly.”
  • Mario Puzo
    Mario Puzo
    “Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly.”
  • Ralph Gerard
    Ralph Gerard
    “No age or time of life, no position or circumstance, has a monopoly on success. Any age is the right age to start doing!”
  • Queen Elizabeth
    Queen Elizabeth
    “Let us not take ourselves too seriously. None of us has a monopoly on wisdom.”

Etymology

Webster's Revised Unabridged Dictionary
L. monopolium, Gr. , ; mo`nos alone + to sell
Chambers's Twentieth Century Dictionary
L. monopolium—Gr. monos, alone, pōlein, to sell.

Usage

In literature:

They, not less than he, were for free trade and the abolition of every kind of monopoly.
"The English Utilitarians, Volume II (of 3)" by Leslie Stephen
For generations now, you men have had a monopoly of physical courage.
"Young Hilda at the Wars" by Arthur Gleason
According to the ideas of the age, the colonial monopoly was the surest means to this.
"Sea Power in its Relations to the War of 1812" by Alfred Thayer Mahan
It is abhorrent to us, and yet I suppose those protected merchants believed their monopolies to be rights.
"A Spoil of Office" by Hamlin Garland
The Christians of Syria have no monopoly of such scandals.
"Pan-Islam" by George Wyman Bury
The Bugis' love of the sea has given them almost a monopoly of the trade around Celebes.
"Where the Strange Trails Go Down" by E. Alexander Powell
A speech made by me in Parliament in opposing monopolies.
"The Panchronicon" by Harold Steele Mackaye
As monopolies, they were believed to threaten extortion through high price.
"The New Nation" by Frederic L. Paxson
There was a monopoly of coffee, a monopoly of tobacco, a monopoly of refined sugar.
"Critical and Historical Essays, Volume III (of 3)" by Thomas Babington Macaulay
Wherever the few acquire a monopoly of political power it always tends to develop into a monopoly of the means and agents of production.
"The Spirit of American Government" by J. Allen Smith
Social halls for the older people's play are coming where the saloon has had a monopoly of the cheer too long.
"The Battle with the Slum" by Jacob A. Riis
Monopolies in our country fall into three classes.
"Liberalism" by L. T. Hobhouse
There is neither a monopoly of capital nor a monopoly of labour.
"British Socialism" by J. Ellis Barker
It is also true that the family will not again have the moral monopoly of the child.
"Rural Problems of Today" by Ernest R. Groves
The high judicial functions in the commonwealth had been hitherto a senatorial monopoly.
"Great Men and Famous Women. Vol. 5 of 8" by Various
Most of the privately-operated plantations had been in existence before the government had set up its monopoly system.
"All About Coffee" by William H. Ukers
Tobacco, as I have elsewhere remarked, is now a State monopoly, and forms a considerable item in the State revenue.
"The Empire of the East" by H. B. Montgomery
If it is monopoly, do you defend monopoly, or only monopoly in some special cases?
"Social Rights and Duties, Volume I (of 2)" by Sir Leslie Stephen
The Stationers' Company, for two important centuries in English history (says Mr. Cunningham), had pretty well the monopoly of learning.
"Old and New London" by Walter Thornbury
In other words value as it exists to-day is a monopoly price.
"Landmarks of Scientific Socialism" by Friedrich Engels
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In poetry:

Athwart that famous 'gulf,'
Though swift its current hies,
We soon can build a bridge
With dead monopolies.
"The March Of Freedom" by Ernest Jones
He struck the key of monopoly,
And sang of her swift decay,
And traveled the track of the railway back
With a blithesome roundelay--
"Job Work" by James Whitcomb Riley
``But many and many a worshipper have I,
So cannot grant monopoly of power:
Others there be who fain would climb as high
As you, and have their hour.
"Sacred And Profane Love" by Alfred Austin
Though hunger stamped each forehead spare,
And eyes were dim with factory glare,
Loud swelled the nation's battle prayer,
Of—death to class monopoly!
"The Blackstone-Edge Gathering" by Ernest Jones
And, oh! for Monopoly what a blest day,
When the Land and the Silk shall, in fond combination,
(Like Sulky and Silky, that pair in the play)
Cry out, with one voice, High Rents and Starvation!
"Ode to the Goddess Ceres" by Thomas Moore
"GOD bless the man who first invented sleep!"
So Sancho Panza said, and so say I:
And bless him, also, that he didn't keep
His great discovery to himself; nor try
To make it—as the lucky fellow might—
A close monopoly by patent-right!
"Early Rising" by John Godfrey Saxe

In news:

Game Of Monopoly Ignites Stabbing.
Police said an innocent family game of Monopoly ended up with a 60-year-oldwoman behind bars and her boyfriend in a hospital.
Serb Lawmakers Clear Gas Monopoly 's $243 Million Borrowing.
Sprint CEO on consolidation and monopoly .
Timchenko challenges Gazprom's gas export monopoly : Forbes.
There's no monopoly on hubris.
It was all fun and games at Roundy's grocery stores until no one won the top prizes in Monopoly .
No one won top prizes in Roundy's Monopoly game.
No party can claim a monopoly on virtue.
Breaking the ' monopoly of mediocrity' in Memphis.
Jersey residents like their Monopoly .
McDonald's Monopoly Game Rare Properties.
Proposal 6 is about one company trying to protect its monopoly (guest column by Lt Gov.
Which is something of a problem for a company trying to create a monopoly it wants to exploit.
Film will place its money on Monopoly .
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In science:

As it turns out, allowing for monopoly power indeed changes the resulting wealth distribution.
Emergent Statistical Wealth Distributions in Simple Monetary Exchange Models: A Critical Review
The result that monopoly power is not neutral with respect to the distribution of wealth is certainly reassuring.
Emergent Statistical Wealth Distributions in Simple Monetary Exchange Models: A Critical Review
Our main aim is to give an asymptotic estimate for sampling probability, such that the initial set of seeds is (is not) a dynamic monopoly almost surely.
Dynamic monopolies with randomized starting configuration
Therefore, the sampling probability that would form dynamic monopoly must prevent all such squares from being colored entirely white.
Dynamic monopolies with randomized starting configuration
In this work we shall examine dynamic monopolies with random initial condition on two types of underlying graphs.
Dynamic monopolies with randomized starting configuration
If for some i, the coloring Si contains all vertices V , then we say that the corresponding S is dynamic monopoly or dynamo (with respect to G and ψ).
Dynamic monopolies with randomized starting configuration
Santoro, On time versus size for monotone dynamic monopolies in regular topologies, J.
Dynamic monopolies with randomized starting configuration
Examples of market failures are well-known and can result, for example, in cases of monopolies or oligopolies, if there is not enough liquidity or if information symmetry is not given.
Fundamental and Real-World Challenges in Economics
Thus, HP has gained monopoly in the market of printer supplies for their products.
Modern consumerism and the waste problem
Due to their monopoly position, manufacturers like HP, Lexmark and Canon are able to dictate the prices in the supply market, leading to absurd prices for their printer ink.
Modern consumerism and the waste problem
Establishing a smart grid has been considered problematic in Japan because of the monopoly on electricity supply, and hence, there has been virtually no discussion of the smart grid.
The Japanese Smart Grid Initiatives, Investments, and Collaborations
Reedijk J (1998) Sense and nonsense of science citation analyses: comments on the monopoly position of ISI and citation inaccuracies.
Deep Impact: Unintended consequences of journal rank
Bauer HH (2004) Science in the 21st Century : Knowledge Monopolies and Research Cartels.
Deep Impact: Unintended consequences of journal rank
For many years cluster workers had something of a monopoly in the study of early galaxies and large scale structure, but it is time to take advantage of other datasets being delivered and view cluster astrophysics as only one part of a larger body of information.
Conference Summary
Individual activities and areas of activity are related in a vitally organic manner. A monopoly of dissection of the body of mathematics is clearly not always beneficial to the health and life of mathematics.
General concepts of graphs
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