Word of the day

The word for today is…

monopoly (noun) – 1. Exclusive control by one group of the means of producing or selling a commodity or service.
2. (a) A company, group, or individual having exclusive control over a commercial activity.
(b) A commodity or service so controlled.
3. (a) Exclusive possession or control.
(b) Something that is exclusively possessed or controlled.

Source : The Free Dictionary

Etymology : “Exclusive control of a commodity or trade,” 1530s, from Latin monopolium, from Greek monopolion “right of exclusive sale,” from monos “single, alone” (from PIE root *men- “small, isolated”) + polein “to sell,” from PIE root *pel- “to sell.”

Alternative form monopole (1540s, from the Old French form of the word) was common in 16th century The popular board game, invented by Charles Darrow, is from 1935. Monopoly money “unreal currency” is attested from 1972, in reference to the paper used in the game.