Absolute Monopoly

Business, Legal & Accounting Glossary

Definition: Absolute Monopoly


Absolute Monopoly


Full Definition of Absolute Monopoly


noun a situation where only one producer produces or only one supplier supplies something ExamplesThe company has an absolute monopoly of imports of French wine. • The supplier’s absolute monopoly of the product meant that customers had to accept her terms. a situation where only one producer produces or only one supplier supplies something


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Absolute Monopoly. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 08, 2021 https://payrollheaven.com/define/absolute-monopoly/.
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Absolute Monopoly. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/absolute-monopoly/ (accessed: December 08, 2021).
American Psychological Association (APA):
Absolute Monopoly. PayrollHeaven.com. Retrieved December 08, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/absolute-monopoly/

Definition Sources


Definitions for Absolute Monopoly are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 3 Views.