Definition

Describing a situation where a single company or group has complete control over a market or product, limiting competition.

Example

The monopolistic practices of the company led to higher prices for consumers.

Conversation

Have you noticed how that company has a really monopolistic hold on the market?

Yeah, it's crazy! They seem to control everything.

I wonder how that affects the prices we pay.

It definitely makes it harder for smaller businesses to compete.

Synonyms & Antonyms

Root Explanation

Monopolistic → It is formed from "mono-" (meaning one or single) and "polein" (from Greek, meaning to sell). The word describes a market condition where a single seller dominates the market, thus having control over the price and supply of a product.

Memory Tip

Think of 'mono-' meaning one, and 'polein' meaning to sell — this helps you remember that monopolistic refers to a market controlled by one seller.

Visually Confused Words