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Definition of monopoly
noun (plural monopolies)
1the exclusive possession or control of the supply or trade in a commodity or service:his likely motive was to protect his regional monopoly on furs [usually with negative] the exclusive possession, control, or exercise of something:men don’t have a monopoly on unrequited love a company or group having exclusive control over a commodity or service:areas where cable companies operate as monopolies a commodity or service in the exclusive control of a company of group:electricity, gas, and water were considered to be natural monopolies
) trademark a board game in which players engage in simulated property and financial dealings using imitation money. It was invented in the US and the name was coined by Charles Darrow circa 1935.