Monopoly definition:
A commercial advantage enjoyed by only one or a select few companies in which only those companies can trade in a certain area.
Monopoly
(n) Monopoly is state of affairs of a business house whereby it controls the market functioning according to its plan and actions by controlling the supply of the product in which it has the controlling authority. Eg.
Monopoly: A business or inter-related group of businesses which controls so much of the production or sale of a product or kind of product as to control the market, including prices and distribution.
Monopoly
A commercial advantage enjoyed by only one or a select few companies in which only those companies can trade in a certain area. Some monolopoies are legal, such as those temporarily created by patents.
Monopoly
An association formed to directly or indirectly control a particular industry or trade in order to reduce or eliminate competition, generally in violation of anti-trust laws.
Motion
An application to the court for an order.
Monopoly
A restriction of trade to only one or a select few companies in which only those companies can trade in a certain area, creating a commercial advantage.
Term: Monopoly
Definition: An association formed to directly or indirectly control a particular industry or trade in order to reduce or eliminate competition, generally in violation of anti-trust laws.
Monopoly
Definition - Noun
1 : exclusive control of a particular market that is marked by the power to control prices and exclude competition and that esp. is developed willfully rather than as the result of superior products or skill ...
Monopoly
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A legal monopoly, granted by the U.S. Patent and Trademark Office (PTO), for the use, manufacture and sale of an invention. Patents on useful devices, called utility patents, last for 20 years from the date the patent application was filed.
Normally, no one company can retain a monopoly over a product or service because this is considered to economically harmful to society.
Letters patent (litterae patentes) are letters addressed by the sovereign "to all to whom these presents shall come," reciting the grant of some dignity, office, monopoly, franchise or other privilege to the patentee.
Some use the term "intellectual monopoly" instead, because such so-called "intellectual property" is actually a government-granted monopoly on certain types of action.
Neurontin: The makers of Neurontin, an epilepsy-treatment drug, are currently facing an anti-trust lawsuit for extending their monopoly over the main ingredients in Neurontin well past the expiration of their patents.
The right of monopoly over the manufacture, sale, and use of a device or process that one has discovered or invented, such patent being granted by law or statute. 2. A grant of mineral rights to public land. 3.
patent - Right to hold a legal monopoly on the manufacture or sale of a invention, granted by the U.S. Patent and Trademark Office (PTO).
The sovereign asserted control over printing by issuing patents or privileges to individuals or by organizing publishers' guilds with monopoly rights.
was made for the purpose of deception, the patent would be void; for if the specification were insufficient on account of its want of clearness, exactitude or good faith, it would be a fraud on society that the patentee should obtain a monopoly ...
 See also: Law, State, Court, Right, Action
  
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