Definition

The process of controlling a market or industry by having no competition, so that one company or group has all the power.

Example

The monopolization of the telecommunications industry has led to higher prices for consumers.

Conversation

Have you noticed the monopolization of that coffee shop chain in our neighborhood?

Yeah, it's crazy how many they’ve opened lately!

I feel like it's taking away from the local cafes that used to thrive.

I agree, it’s sad to see them struggle because of that.

Synonyms & Antonyms

Root Explanation

Monopolization → It is formed from "mono-" (meaning one or single) and "polein" (meaning to sell). The word describes the act of making a market or resource available to only one seller, effectively controlling it entirely.

Memory Tip

Think of 'mono-' meaning 'one' and 'polein' meaning 'to sell' — this helps you remember that monopolization refers to controlling the sale of something by a single entity.

Visually Confused Words