Monopolizing
Monopolizing refers to the act of gaining exclusive control over a particular commodity, service, or market, thereby limiting competition and potentially controlling prices. This can occur in various contexts including economics, social interactions, or ideas, leading to an imbalance of power and influence.
Monopolizing meaning with examples
- In the business world, monopolizing can stifle innovation, as companies that dominate the market often lack the incentive to improve their products or services, ultimately disadvantaging consumers who are left with fewer choices.
- During the group project, Sarah was monopolizing the conversation, leading to frustration among her peers who felt their ideas were being overshadowed and ignored in favor of her dominant opinions.
- The tech giant faced criticism for monopolizing user data, prompting regulators to investigate practices that limited consumers’ control over their personal information and raised concerns about privacy and security.
- In the realm of art, some critics argue that certain institutions are monopolizing cultural narratives, thereby marginalizing diverse perspectives and limiting the representation of underrepresented artists in mainstream venues.
- When one person in a friendship consistently monopolizes the time spent together, it can create an imbalance in the relationship, leading to feelings of neglect or resentment from the other party.