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Phonetic: "/məˈnɒpəˌli/"

Part Of Speech: noun

Definition: 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.

Definition: An exclusive control over the trade or production of a commodity or service through exclusive possession.

Example: A land monopoly renders its holder(s) nearly almighty in an agricultural society.

Definition: The privilege granting the exclusive right to exert such control.

Example: Granting monopolies in concession constitutes a market-conform alternative to taxation for the state, while the crown sometimes bestowed a monopoly as an outrageous gift.

Definition: (metonymy) The market thus controlled.

Definition: (metonymy) The holder (person, company or other) of such market domination in one of the above manners.

Phonetic: "/ˈmʌni/"

Part Of Speech: noun

Definition: A legally or socially binding conceptual contract of entitlement to wealth, void of intrinsic value, payable for all debts and taxes, and regulated in supply.

Definition: A generally accepted means of exchange and measure of value.

Example: Before colonial times cowry shells imported from Mauritius were used as money in Western Africa.

Definition: A currency maintained by a state or other entity which can guarantee its value (such as a monetary union).

Example: money supply;  money market

Definition: Hard cash in the form of banknotes and coins, as opposed to cheques/checks, credit cards, or credit more generally.

Definition: The total value of liquid assets available for an individual or other economic unit, such as cash and bank deposits.

Definition: Wealth; a person, family or class that possesses wealth

Example: He married money.

Definition: An item of value between two or more parties used for the exchange of goods or services.

Definition: A person who funds an operation.