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monopolization

Pronunciation: [məˌnɑːpəlaɪˈzeɪʃən]

Word

Learn how to use monopolization in a sentence: 6 audio examples across 2 meanings.

Context: “economics”

(noun) the process of making something the only available option. This means one company takes control of a market, so there's no competition. It's like if only one store sold candy in your whole town.

Example

The monopolization of the tech industry has made it easier for consumers to access new products.

Example

Monopolization can lead to higher prices, and people might not have many choices.

Example

How does monopolization affect prices and variety in the market?

Context: “business”

(noun) when a single business or company controls a whole market. It’s like if one big pizza place was the only one allowed to make and sell pizzas.

Example

The city is trying to prevent the monopolization of public transport services.

Example

Monopolization can limit the chances for new businesses to start.

Example

What are the laws against monopolization in our country?

How to pronounce monopolization

Pronunciation: [məˌnɑːpəlaɪˈzeɪʃən]

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