Monopoliser (IPA: mɒˈnɒp.ə.laɪ.zə) is a verb that means to have complete control over a particular industry or commodity. The correct British English spelling of this word has an "s" in the middle (monopoliser), while the American English spelling uses a "z" (monopolizer). The -ise/-ize ending is pronounced the same in both versions, with the "s" sound being softened by the "i" before it. Monopoliser is derived from the French word monopoliser, meaning the same.
A monopoliser is a noun that refers to an individual, organization, or entity that controls or dominates a particular market or industry, often by acquiring exclusive control over the production, distribution, or sale of a specific product or service. This entity exercises a monopoly, which is characterized by the absence of competition, allowing the monopoliser to dictate market conditions and set prices at their own discretion.
Monopolisers often exploit their dominant position to maximize profits and gain significant market share, effectively shutting out potential competitors and preventing the entry of new players into the market. By leveraging their power, monopolisers can manipulate market forces by limiting supply or creating artificial scarcity to drive up prices to their advantage.
The actions of a monopoliser can result in negative consequences for consumers, as they face limited choices, lack price transparency, and may experience higher costs. Additionally, monopolisers can stifle innovation, as the absence of competition reduces the incentives for advancements in products or services.
To prevent monopolistic practices and promote a more competitive market, various countries and jurisdictions have enacted antitrust laws or regulations. These laws aim to promote fair competition, protect consumer rights, and prevent any anti-competitive behavior or abuse of market power by monopolisers. The extent of regulations and enforcement against monopolisers varies internationally, with some jurisdictions being more stringent than others in curbing monopolistic tendencies.
One who has obtained the exclusive power to trade in a certain article, or who has the command of the market.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
The word "monopoliser" is derived from the noun "monopoly", which comes from the Late Latin "monopolium" and the Greek "monopōlion". "Monopolium" is a combination of the Greek words "monos" meaning "alone" or "single" and "polein" meaning "to sell". Similarly, "monopōlion" is a compound of "mono" (single) and "polē" (seller). Over time, the noun "monopoly", referring to exclusive control over a commodity or service, developed into the verb "monopolize". Consequently, "monopoliser" is the British English spelling of the verb form, while "monopolizer" is the American English spelling.