Meaning of the word monopolize in English

What does monopolize mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

monopolize

US /məˈnɑː.pəl.aɪz/
UK /məˈnɒp.əl.aɪz/

Verb

1.

to obtain exclusive possession or control of a trade, commodity, or service

Example:
The company tried to monopolize the market with its new product.
It's difficult for small businesses to compete when large corporations monopolize resources.
2.

to dominate or engross completely

Example:
He tends to monopolize the conversation at parties.
Don't let one person monopolize all the attention.