This article is about the state of a player in economics. For the Parker Brothers board game see Monopoly (game).

In economics, a monopoly (from the Latin word monoplium - Greek language monos, one + polein, to sell) is defined as a persistent market situation where there is only one provider of a kind of product or service. Monopolies are characterized by a lack of economic competition for the good or service that they provide and a lack of viable substitute goods.

Monopoly should be distinguished from monopsony, in which there is only one buyer of the product or service; it should also, strictly, be distinguished from the (similar) phenomenon of a cartel. In a monopoly a single firm is the sole provider of a product or service; in a cartel a centralized institution is set up to partially coordinate the actions of several independent providers (which is a form of oligopoly).

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RT @GMWatch: Useful actions and news RT @pdjmoo: #Monsanto Millions Against Monsanto: Save the Planet! Stop Their Monopoly http://ow.ly/Ns4V
Veganbombshell (Devin De La Paz) Sat, 19 Dec 2009 14:23:56 -0000
RT @GMWatch: Useful actions and news RT @pdjmoo: #Monsanto Millions Against Monsanto: Save the Planet! Stop Their Monopoly http://ow.ly/Ns4V
Book explores evangelical monopoly in sports world (AP)http://bit.ly/7UkBAr
GoodDay999 (GoodDay999) Sat, 19 Dec 2009 14:22:30 -0000
Book explores evangelical monopoly in sports world (AP)http://bit.ly/7UkBAr
#snowconfessions - When I was a RA..I walked in on 6 dudes in a room...and they weren't playing Monopoly...
LonGee3 (L-Gee) Sat, 19 Dec 2009 14:22:19 -0000
#snowconfessions - When I was a RA..I walked in on 6 dudes in a room...and they weren't playing Monopoly...
RT @GMWatch: Useful actions and news RT @pdjmoo: #Monsanto: Millions Against Monsanto: Save the Planet - Stop Their Monopoly http://ow.l ...
SlowFood_FSD (Slow Food, Istanbul) Sat, 19 Dec 2009 14:22:00 -0000
RT @GMWatch: Useful actions and news RT @pdjmoo: #Monsanto: Millions Against Monsanto: Save the Planet - Stop Their Monopoly http://ow.l ...
playing monopoly w jan and hermie while eating sansrival cake.. Winner!! :)
jeanlacanilao (Jean Lacanilao) Sat, 19 Dec 2009 14:21:09 -0000
playing monopoly w jan and hermie while eating sansrival cake.. Winner!! :)
need to go now.. like again! My bro invited us (the one-blooders) to play Monopoly again! I'm taking the challenge dude! :D
farahadeela (Farah Roslan) Sat, 19 Dec 2009 14:20:17 -0000
need to go now.. like again! My bro invited us (the one-blooders) to play Monopoly again! I'm taking the challenge dude! :D

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