IELTS Anvil

monopoly

CEFR: C1

Exclusive commercial control over the supply of or trade in a particular commodity or utility.

Synonyms

cartel dominance
exclusive control

Common Collocations

hold a monopoly
break a monopoly
state monopoly

Example Sentence

In the seventeenth century, the Dutch East India Company maintained an ironclad global monopoly on nutmeg.

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