it is a monopoly business vs it is a monopoly market

Both phrases are correct, but they are used in different contexts. 'It is a monopoly business' implies that a specific business has a monopoly in a particular industry, while 'It is a monopoly market' suggests that the entire market is dominated by a single entity or a few major players.

Last updated: March 27, 2024 • 621 views

it is a monopoly business

This phrase is correct and commonly used to indicate that a specific business has a monopoly in a particular industry.

This phrase is used to describe a situation where a single business controls a large portion of a specific market, giving it significant power and influence.

Examples:

The company has become a monopoly business in the tech industry.

Alternatives:

It is a dominant player in the industry
It has a monopoly in the market sector

it is a monopoly market

This phrase is correct and commonly used to describe a situation where the entire market is dominated by a single entity or a few major players.

This phrase is used to indicate that a specific market is controlled by a single business or a small group of companies, limiting competition and consumer choice.

Examples:

The telecommunications industry is a monopoly market in this country.

Alternatives:

It is a market dominated by a single entity
It is a market with limited competition

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it is a monopoly business vs it is a monopoly market