Monopolisation (Noun)
Meaning
Domination (of a market or commodity) to the exclusion of others.
Classification
Nouns denoting acts or actions.
Examples
- The tech giant has been accused of monopolisation of the search engine market, with regulators investigating its practices.
- The company's aggressive expansion strategy has led to allegations of monopolisation of the local market, forcing smaller competitors out of business.
- Critics argue that the concentration of media ownership leads to monopolisation of news outlets, stifling diverse perspectives.
- The oil cartel's manipulation of production levels has been seen as an attempt at monopolisation of the world's energy resources.
- Antitrust laws aim to prevent monopolisation of industries by large corporations, promoting fair competition and innovation.