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“polyopoly”
monopoly; polypoly, polyopoly
monopoly (muh NAHP uh lee) (noun)
1. Exclusive possession or ownership of something: The sugar mogul had a monopoly on the sugar import-export business in our city.
2. When capitalized, a board game developed in the 1930s involving money, purchase of property, etc.: The family decided to play Monopoly after dinner.
2. When capitalized, a board game developed in the 1930s involving money, purchase of property, etc.: The family decided to play Monopoly after dinner.
polypoly, polyopoly (PAHL ee PAHL ee, pahl ee AH pahl ee) (noun)
A market situation where there are large numbers of small buyers and small sellers, none of which can influence prices or a market situation in which there are no large sellers but many small ones: Patrick was just one member of the polypoly, or polyopoly, among many other businessmen who had no affect on the costs of his products beyond his sales outlet.
One advantage of a polypoly, or polyopoly, market situation is the limited possibility of a monopoly developing among the buyers or sellers.
This entry is located in the following units:
Confusing Words Clarified: Group M; Homonyms, Homophones, Homographs, Synonyms, Polysemes, etc. +
(page 5)
mono-, mon-
(page 11)