Monopoly Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Monopoly, written in plain English, along with examples of how it is used.
What is Monopoly?
(n) Monopoly is state of affairs of a business house whereby it controls the market functioning according to its plan and actions by controlling the supply of the product in which it has the controlling authority. Eg. Supplying the products only through limited outfits or distributors.