Definition

A person or company that has complete control over a particular market or product, preventing competition.

Example

The monopolist set high prices because there were no other companies to compete with them.

Conversation

Have you heard about that new monopolist in the tech industry?

Yeah, it's crazy how they control so much of the market now.

I wonder what that means for smaller companies trying to compete.

It could be tough for them, especially if the monopolist keeps expanding.

Synonyms & Antonyms

Root Explanation

Monopolist → It is formed from "mono-" (meaning one or single) and "polein" (meaning to sell). A monopolist is someone who sells a single product or service, dominating the market without competition.

Memory Tip

Think of 'mono-' meaning one, and 'polein' meaning to sell — a monopolist is someone who is the only seller of a product.

Visually Confused Words