What's the difference between market and monopoly?

Market


Definition:

  • (n.) A meeting together of people, at a stated time and place, for the purpose of traffic (as in cattle, provisions, wares, etc.) by private purchase and sale, and not by auction; as, a market is held in the town every week.
  • (n.) A public place (as an open space in a town) or a large building, where a market is held; a market place or market house; esp., a place where provisions are sold.
  • (n.) An opportunity for selling anything; demand, as shown by price offered or obtainable; a town, region, or country, where the demand exists; as, to find a market for one's wares; there is no market for woolen cloths in that region; India is a market for English goods.
  • (n.) Exchange, or purchase and sale; traffic; as, a dull market; a slow market.
  • (n.) The price for which a thing is sold in a market; market price. Hence: Value; worth.
  • (n.) The privelege granted to a town of having a public market.
  • (v. i.) To deal in a market; to buy or sell; to make bargains for provisions or goods.
  • (v. t.) To expose for sale in a market; to traffic in; to sell in a market, and in an extended sense, to sell in any manner; as, most of the farmes have marketed their crops.

Example Sentences:

  • (1) Two of the largest markets are Germany and South Korea, often held up as shining examples of export-led economies.
  • (2) In the bars of Antwerp and the cafes of Bruges, the talk is less of Christmas markets and hot chocolate than of the rising cost of financing a national debt which stands at 100% of annual national income.
  • (3) "Britain needs to be in the room when the euro countries meet," he said, "so that it can influence the argument and ensure that what the 17 do will not damage the market or British interests.
  • (4) Since the start of this week, markets have been more cautious, with bond yields in Spain reaching their highest levels in four months on Tuesday amid concern about the scale of the austerity measures being imposed by the government and fears that the country might need a bailout.
  • (5) The reason for the rise in Android's market share on both sides of the Atlantic is the increased number of devices that use the software.
  • (6) "This was very strategic and it was in line of the ideology of the Bush administration which has been to put in place a free market and conservative agenda."
  • (7) BT Sport's marketing manager, Alfredo Garicoche, is more effusive still: "We're not thinking for the next two or three years, we're thinking for the next 20 or 30 years and even longer.
  • (8) Two fully matured specimens were collected from the blood vessel of two fish, Theragra chalcogramma, which was bought at the Emun market of Seoul in May, 1985.
  • (9) John Lewis’s marketing, advertising and reputation are all built on their promises of good customer services, and it is a large part of what still drives people to their stores despite cheaper online outlets.
  • (10) Furthermore, the backing away from any specific yield targets is exactly the lack of clarity that the FX market will not like."
  • (11) Unions have complained about the process for Chinese-backed companies to bring overseas workers to Australia for projects worth at least $150m, because the memorandum of understanding says “there will be no requirement for labour market testing” to enter into an investment facilitation arrangements (IFA).
  • (12) But that gross margin only includes the cost of paying drivers as a cost of revenue, classifying everything else, such as operations, R&D, and sales and marketing, as “operating expenses”.
  • (13) Speaking to pro-market thinktank Reform, Milburn called for “more competition” and said the shadow health team were making a “fundamental political misjudgment” by attempting to roll back policies he had overseen.
  • (14) It argues that much of the support of for-profits derives from American market ideology and the assumption that the search for profits leads to efficiency in production.
  • (15) The history of tobacco production and marketing is sketched, and the literature on chronic diseases related to smoking is summarized for the Pacific region.
  • (16) The figures, published in the company’s annual report , triggered immediate anger from fuel poverty campaigners who noted that energy suppliers had just been rapped over the knuckles by the Competition and Markets Authority (CMA) for overcharging .
  • (17) Those sort of year-to-year comparisons can be helpful to visualise changes in the market landscape, but in fast-changing markets it's not enough just to quote a single number.
  • (18) David Blunkett, not Straw, was the home secretary at the time the decision was taken to allow Poles and others immediate access to the British labour market.
  • (19) UK agriculture, it argues, “is much more dependent on EU markets than the EU is on the UK”.
  • (20) But that promise was beginning to startle the markets, which admire Monti’s appetite for austerity and fear the free spending and anti-European views of some Italian politicians.

Monopoly


Definition:

  • (n.) The exclusive power, or privilege of selling a commodity; the exclusive power, right, or privilege of dealing in some article, or of trading in some market; sole command of the traffic in anything, however obtained; as, the proprietor of a patented article is given a monopoly of its sale for a limited time; chartered trading companies have sometimes had a monopoly of trade with remote regions; a combination of traders may get a monopoly of a particular product.
  • (n.) Exclusive possession; as, a monopoly of land.
  • (n.) The commodity or other material thing to which the monopoly relates; as, tobacco is a monopoly in France.

Example Sentences:

  • (1) Cape no longer has the monopoly on talent; the stars are scattered these days, and Franklin's "fantastically discriminating" deputy Robin Robertson can take credit for many recent triumphs, including their most recent Booker winner, Anne Enright.
  • (2) In June 2012 we got our first elected president, and, in his first year in office, the state's monopoly on violence was broken.
  • (3) The data on tobacco consumption, from 1900 to 1985, was obtained from official publication of the Administration of the State Monopolies or from unpublished material kindly provided by the same Administration.
  • (4) As psychiatry belongs to the system, it received the monopoly of access to the symbolic and mental dimension which is included in the disorders.
  • (5) • The Catholic church's near monopoly of influence in education means that the ultimate power in each school is the local Catholic bishop.
  • (6) And they say the Trans-Pacific deal will do big favours for pharmaceutical companies and other US corporations, for instance, by lengthening copyright protections and the monopoly period for newly developed drugs.
  • (7) As his recent study on the retailer points out, when it comes to digital distribution of entertainment, Amazon is very far from being a monopoly.
  • (8) "I don't ... believe that the organisation ever seeks to behave in anything but the most socially responsible way – but monopolies will always act in their own best interests, and those interests may not coincide with those of the rest of us.
  • (9) The chief executive of Europe's largest newspaper publisher has accused Google of abusing a monopoly position in the digital economy to discriminate against competitors and build up a "superstate".
  • (10) No longer monopolies or oligopolies, the barrier to entry to their kingdom and business reduced to an inch, they simply cannot maintain their old scale, the size and margins that the City demanded.
  • (11) "We had a second open access company, Wrexham and Shropshire, and that ran a popular service which was hampered by monopoly rights that Virgin have enjoyed.
  • (12) Despite a near monopoly in many towns, HMV stores were seeing sales slump year after year, even at paper-thin margins.
  • (13) Fortune Magazine predicted that “ the apparent M-Pesa monopoly may be set to crumble ”, indicating that the new licensing regime could open up the market long dominated by Safaricom.
  • (14) And it’s partly about tailoring use of data, so I can choose what apps and systems I share my information with, rather than giving one firm a monopoly over where my vital statistics are sent and analysed.
  • (15) The government doesn’t have a monopoly on patriotism, Shorten says.
  • (16) Despite the recent announcement of an EU antitrust case against Google , which is accused of unfairly using its monopoly in search to boost its online shopping product, the paper says that competition law isn’t the right way to enforce fairness, since the cases are “lengthy and expensive”.
  • (17) 3.47pm BST Greece to sell gambling stake; maybe lease islands The Greek privatisation office has announced that it will start the process of selling its 29% stake in OPAP , the state gambling monopoly.
  • (18) David Cameron will herald new moves to open up public services to private providers when he hails the role of “insurgent companies” and speaks of the benefit of “breaking state monopolies”.
  • (19) "Telecoms is a very good example: for a long time, we had a government monopoly, which stifled innovation, and the service was poor.
  • (20) It will promote an environment that is consistent with effective competition; it will challenge abusive monopoly behaviour, take steps to promote competition where customers are being disadvantaged (for instance, in retail banking) and promote long-term investment rather than the casino capitalism that has disadvantaged the UK’s economy and social cohesion.” Facebook Twitter Pinterest On the BBC’s Newsnight programme Ed Balls, the shadow chancellor, forgets the name of the Labour’s small businesses leader, Bill Thomas.