Definitions from Wiktionary (Monopoly)

▸ noun:  A situation, by legal privilege or other agreement, in which solely one party (company, cartel etc.) exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it.
▸ noun:  An exclusive control over the trade or production of a commodity or service through exclusive possession.
▸ noun:  The privilege granting the exclusive right to exert such control.
▸ noun:  (metonymically) The market thus controlled.
▸ noun:  (metonymically) The holder (person, company or other) of such market domination in one of the above manners.
▸ noun:  (board games) A board game in which players use play money to buy and trade properties, with the objective of forcing opponents into bankruptcy.

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