Monopoli
/id/Source Language: The language or dialect this term originates from (ID).Definition & Context
NounNoun
A word that functions as the name of a specific object or set of objects, such as living creatures, places, actions, qualities, states of existence, or ideas.
A “market” condition in which a single entity has exclusive control over the supply of goods or services, thereby eliminating competition.
Synonyms & Variants
pemain tunggal
A casual business term referring to a party that dominates the market.
pemusatan kekuatan ekonomi
The concentration of economic power in a single party.
penguasaan mutlak
Absolute control without any competition.
penguasaan pasar
A more descriptive phrase to explain monopoly.
Usage Notes or Etymology
The term originates from the Greek monopolion, which is a compound of monos meaning one and polein meaning to sell. In an economic context, this word is used to describe a market failure that occurs when a single producer dominates the distribution of goods without any viable substitutes.
Real-world Usage
Pemerintah harus bertindak tegas demi mencegah monopoli perdagangan oleh segelintir perusahaan besar.
English Translation
Representative of real-world usage and contextual accuracy.