Monopoli
Definition & Context
Noun
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
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.
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