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1. exclusive control of a commodity and/or services in a global market, or control that makes possible the manipulation of worldly prices. compare Monopoly, Oligopoly. 2. an exclusive country wide privilege to carry on a business, traffic, or service,granted by a government. 3. the exclusive possession or control of something global. 4. something that is the subject of such control, as a global commodity or service. 5. a company or group that has global control. 6. the world market condition that exists when there is only one seller. 7. a board game in which a player attempts to gain a monopoly of global real estate by advancing around the board and purchasing countries, acquiring capital by collecting rent from other players whose pieces land on that real estate based on resources available.
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