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Dominance vs Monopoly - What's the difference?

dominance | monopoly |

As a noun dominance

is the state of being dominant; of prime importance; supremacy.

As a proper noun monopoly is

a board game in which players use play money to buy and trade properties, with the objective of forcing opponents into bankruptcy.

dominance

Noun

(en noun)
  • The state of being dominant; of prime importance; supremacy.
  • * {{quote-news
  • , year=2011 , date=September 29 , author=Jon Smith , title=Tottenham 3 - 1 Shamrock Rovers , work=BBC Sport citation , page= , passage=But with the lively Dos Santos pulling the strings behind strikers Pavlyuchenko and Defoe, Spurs controlled the first half without finding the breakthrough their dominance deserved.}}
  • Being in a position of power, authority or ascendancy over others.
  • (physiology) The superior development of or preference for one side of the body or one of a pair of organs; such as being right-handed.
  • (biology, genetics) The property of a gene such that it suppresses the expression of its allele.
  • Derived terms

    * cross-dominance * dominancy

    monopoly

    Noun

    (monopolies)
  • A situation, by legal privilege or other agreement, in which solely one party (company, cartel etc.) exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it.
  • * {{quote-magazine, date=2013-08-10, volume=408, issue=8848, magazine=(The Economist)
  • , title= Can China clean up fast enough? , passage=It has jailed environmental activists and is planning to limit the power of judicial oversight by handing a state-approved body a monopoly over bringing environmental lawsuits.}}
  • An exclusive control over the trade or production of a commodity or service through exclusive possession.
  • The privilege granting the exclusive right to exert such control.
  • (metonymy) The market thus controlled.
  • (metonymy) The holder (person, company or other) of such market domination in one of the the above manners.
  • Synonyms

    * (holder) monopolist

    Antonyms

    * monopsony

    Derived terms

    * monopolistic * monopolistically * monopolize, monopolization, monopolizer