Monopoly vs Gambling - What's the difference?
monopoly | gambling |
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= 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.
An activity characterised by a balance between winning and losing that is governed by a mixture of skill and chance, usually with money wagered on the outcome.
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.As a verb gambling is
.As a noun gambling is
an activity characterised by a balance between winning and losing that is governed by a mixture of skill and chance, usually with money wagered on the outcome.monopoly
English
(wikipedia monopoly)Noun
(monopolies)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.}}