Monopoly
Mo`nop´o`ly
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.
a corner on,
arrest,
arrestation,
bear raid,
bull raid,
cartel,
check,
consortium,
constraint,
cooling,
cooling down,
cooling off,
copyright,
corner in,
cornering,
curb,
curtailment,
deceleration,
engrossment,
exclusive possession,
forestallment,
hindrance,
inhibition,
injunction,
interdict,
legal restraint,
manipulation,
monopolization,
ownership,
pool,
possessorship,
prohibition,
proprietorship,
protection,
protectionism,
protective tariff,
raid,
rationing,
rein,
restraint,
restraint of trade,
retardation,
retrenchment,
rigging,
self-control,
slowing down,
syndicate,
tariff wall,
thought control,
trust,
wash sale,
washing