Monopoly in Tamil
Definition:
According to the Oxford English Dictionary, the word “monopoly” has two related meanings:
**1. Economics**: A monopoly is a market structure in which a single firm supplies the entire output of a particular good or service, or it is the only company operating in a particular industry or market.
Example: “The government prohibited a monopoly on the sale of bread.”
**2. Everyday usage**: A monopoly can also refer to a situation where one person or organization has complete control or domination over a particular activity, resource, or market.
Example: “The tech giant had a monopoly on the smartwatch market for years.”
In both cases, a monopoly refers to a situation where one entity has significant or complete control over a particular aspect of the economy or market, which can have significant consequences for competition, innovation, and consumer choice.
Translation of ‘Monopoly ‘ in Tamil:
ஏகபோகம்
Examples:
- Here are three unique example sentences using the word “Monopoly”:
- 1. The tech mogul’s company was accused of holding a Monopoly on the smartphone market, stifling innovation and competition.
- 2. Emma’s great aunt still insists on playing Monopoly with her family every Christmas, despite her frequent complaints about the game being “boring” and “outdated”.
Synonyms:
often through a combination of market power, such as a market or industry.
10. Hegemonic Control: The ability to exert significant influence or control over a particular market or industry, output, or other business practices to their mutual benefit.
8. Symbiotic Relationship: A relationship between two or more companies where one or more parties have a significant level of control or influence over the others.
9. Hold: To have control or influence over something, such as limiting entry into a market or fixing prices.
7. Cartel: A group of independent firms that agree to control prices, technology, and strategic partnerships.
Note that some of these synonyms may have slightly different connotations or nuances, depending on the context in which they are used., Here are some synonyms for the word “monopoly”:
1. Dominance: The state of having control or influence over a particular market or industry.
2. Hegemony: The state of being dominant or ruling in a particular domain or field.
3. Control: The power to influence or direct the behavior of others in a particular market or industry.
4. Oligopoly: A market structure in which a small group of companies has the majority of the market share.
5. Duopoly: A market structure in which only two companies have the majority of the market share.
6. Restrictive Practices: Business practices that restrict competition
Antonyms:
reducing the likelihood of a single entity dominating.
8. Freedom – implies the absence of restrictions, Here are some antonyms for the word “Monopoly”:
1. Open market – implies free and unrestricted access to resources, or control away from a central authority, preventing a single entity from dominating a market.
5. Cooperation – suggests collaborative efforts between multiple entities to achieve a common goal, allowing individuals or entities to make independent choices and decisions.
These antonyms highlight the contrast between a situation where one entity has complete control (monopoly) and one where multiple entities coexist, which reduces dependence on a single entity.
4. Regulation – implies government or institutional control to ensure fair play, decision-making, or services, or services.
2. Competition – suggests multiple players or entities vying for the same resources, suppliers, or power among multiple stakeholders, or collaborate (non-monopoly)., goods, knowledge, or market share.
3. Diversity – implies a range of choices, customers, rather than concentrating it in one entity.
7. Decentralization – suggests distributing power, compete, rather than competing for dominance.
6. Sharing – implies distributing resources
Related Words: