Monopolistic for Dummies
adjective
pronunciation: mʌ,nɑpʌ'lɪstɪkWhat does Monopolistic really mean?
Monopolistic is a word that describes a situation or an entity that has a lot of control or dominance over something. Now, let's break this down in a way that makes it easier to understand.
Imagine you have a basket of apples, and there is only one person who gets to decide how those apples are used or sold. They have complete control over those apples, and no one else has a say in what happens with them. In this scenario, that person is acting monopolistically because they have the power to do whatever they want with the apples, without any competition or restrictions.
In the same way, when we talk about a business being monopolistic, we mean that it's a company that has a lot of power and control over a certain product or service. They have such dominance that other businesses are not able to compete with them fairly. It's like being the only person who can sell or produce a certain thing, giving you an unfair advantage over others.
Now, this word can also have another meaning. It can refer to a type of market structure where there is only one seller and many buyers. In this case, the seller has more control because they are the only one offering the product or service, and the buyers have limited choices.
To sum it up, the word "monopolistic" describes a situation where there is a lot of power, control, or dominance over something, whether it's a business having a strong hold on a certain product or service or a market structure where there is only one seller. The word emphasizes the lack of competition and fairness in these situations.
Imagine you have a basket of apples, and there is only one person who gets to decide how those apples are used or sold. They have complete control over those apples, and no one else has a say in what happens with them. In this scenario, that person is acting monopolistically because they have the power to do whatever they want with the apples, without any competition or restrictions.
In the same way, when we talk about a business being monopolistic, we mean that it's a company that has a lot of power and control over a certain product or service. They have such dominance that other businesses are not able to compete with them fairly. It's like being the only person who can sell or produce a certain thing, giving you an unfair advantage over others.
Now, this word can also have another meaning. It can refer to a type of market structure where there is only one seller and many buyers. In this case, the seller has more control because they are the only one offering the product or service, and the buyers have limited choices.
To sum it up, the word "monopolistic" describes a situation where there is a lot of power, control, or dominance over something, whether it's a business having a strong hold on a certain product or service or a market structure where there is only one seller. The word emphasizes the lack of competition and fairness in these situations.
Revised and Fact checked by William Rodriguez on 2023-10-28 11:31:17
Monopolistic In a sentece
Learn how to use Monopolistic inside a sentece
- When only one company sells a certain type of toy in a town, that company has a monopolistic control over that toy.
- If there is only one shop in a village that sells groceries, it has a monopolistic power over the sale of groceries in that area.
- A famous soda brand that is the only one available in a movie theater has a monopolistic influence over the soda market in that particular theater.
- Imagine a game console that is produced and sold by only one company, which means that company has a monopolistic dominance over that particular game console.
- If a specific brand of smartphones is the only one with certain features in the market, it enjoys a monopolistic advantage in selling smartphones with those features.
Monopolistic Similar Words
Words that similar to the original word, but are not synonyms.