MONOPOLY

1. exclusive control by one group or organization of the means to produce and/or sell a product or service, creating a market situation wherein free competition does not exist and prices may be dictated by the monopolist. 2. in law, a right granted by a government giving exclusive control over a specific business activity or product to a single party.

the exclusive possession or control of something. —Random House Dictionary of the English Language (Scientology and Ability Glossary) Final approval 18/9/89

the exclusive possession or control of something.