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Hegemony vs Monopoly - What's the difference?

hegemony | monopoly |

As nouns the difference between hegemony and monopoly

is that hegemony is domination, influence, or authority over another, especially by one political group over a society or by one nation over others while monopoly is 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.

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.

hegemony

English

Noun

(hegemonies) (wikipedia hegemony)
  • (formal) Domination, influence, or authority over another, especially by one political group over a society or by one nation over others.
  • Dominance of one social group over another, such that the ruling group or hegemon acquires some degree of consent from the subordinate, as opposed to dominance purely by force.
  • ie: internationally among nation-states, and regionally over social classes, between languages or even culture.
    eg: The two political parties battled viciously for hegemony .

    Derived terms

    * hegemonism * hegemonist

    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