Monopoly

n.	1.	The exclusive power, or privilege of selling a commodity; the exclusive power, right, or privilege of dealing in some article, or of trading in some market; sole command of the traffic in anything, however obtained; as, the proprietor of a patented article is given a monopoly of its sale for a limited time; chartered trading companies have sometimes had a monopoly of trade with remote regions; a combination of traders may get a monopoly of a particular product. Raleigh held a monopoly of cards, Essex a monopoly of sweet wines. - Macaulay.
	2.	Exclusive possession; as, a monopoly of land. If I had a monopoly out, they would have part on 't. - Shak.
	3.	The commodity or other material thing to which the monopoly relates; as, tobacco is a monopoly in France.

Noun	1.	monopoly - (economics) a market in which there are many buyers but only one seller; "a monopoly on silver"; "when you have a monopoly you can ask any price you like"
	2.	monopoly - exclusive control or possession of something; "They have no monopoly on intelligence"
	3.	Monopoly - a board game in which players try to gain a monopoly on real estate as pieces advance around the board according to the throw of a die

MONOPOLY, commercial law. This word has various significations. 1. It is the abuse of free commerce by which one or more individuals have procured the advantage of selling alone all of a particular kind of merchandise, to the detriment of the public.
     2.-2. All combinations among merchants to raise the price of merchandise to the injury of the public, is also said to be a monopoly.
     3.-3. A monopoly is also an institution or allowance by a grant from the sovereign power of a state, by commission, letters patent, or otherwise, to any person, or corporation, by which the exclusive right of buying, selling, making, working, or using anything, is given. Bac. Abr. h.t.; 3 Inst. 181.
     4. The constitutions of Maryland, North Carolina, and Tennessee, declare that "monopolies are contrary to the genius of a free government, and ought not to be allowed." Vide art. Copyright; Patent.

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