A monopoly is a situation in which one company or group controls all or almost all of the supply of a product or service, leaving no real competition. This can let the monopolist set prices and conditions as it wishes.
From Latin “monopolium,” from Greek “monopōlion,” meaning “single seller,” from “monos” (single) and “pōlein” (to sell). It first described exclusive trading rights granted by a ruler.
The board game Monopoly is literally named after an economic problem—one seller controlling everything. When you crush your opponents in the game, you’re acting out the exact scenario real-world laws try to prevent.
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