Monopolizer (Noun)
Meaning
Someone who monopolizes the means of producing or selling something.
Classification
Nouns denoting people.
Examples
- The tech giant was accused of being a monopolizer, stifling competition and innovation in the industry by buying up smaller companies and eliminating rivals.
- In the 19th century, John D. Rockefeller was known as a monopolizer, using his control of oil refining to crush competitors and dictate prices.
- The local pharmacy chain was investigated for being a monopolizer, using its dominance of the market to overcharge customers for essential medications.
- Critics argue that Amazon has become a monopolizer, using its market power to suppress competition and control the terms of commerce in the retail sector.
- Regulators vowed to crack down on monopolizers like Facebook, who they alleged used its vast user base and technological advantage to shut out smaller social media companies.