ETYM French, from franc, fem. franche, free. Related to Frank.
In politics, the eligibility, right, or privilege to vote at public elections, especially for the members of a legislative body, or parliament. In the UK adult citizens are eligible to vote from the age of 18, with the exclusion of peers, the insane, and criminals.
In the UK it was 1918 before all men had the right to vote, and 1928 before women were enfranchised; in New Zealand women were granted the right as early as 1893.1. A business established or operated under an authorization to sell or distribute a company's goods or services in a particular area; SYN. dealership.
2. A statutory right or privilege granted to a person or group by a government (especially the right to vote).
3. An authorization to sell a company's goods or services in a particular place.
ETYM Latin monopolium, Greek; monos alone + polein to sell.
(Economics) A market in which there are many buyers but only one seller.
In economics, the domination of a market for a particular product or service by a single company, which therefore has no competition and can keep prices high. In practice, a company can be said to have a monopoly when it controls a significant proportion of the market (technically an oligopoly).
In the us, antitrust legislation has been used vigorously to break up and/or prevent the growth of monopolies. Even some closely regulated monopolies, such as the American Telegraph and Telephone Company, have been broken up to ensure competition. A monopsony is a situation in which there is only one buyer; for example, most governments are the only legal purchasers of military equipment inside their countries.
Exclusive control or possession of something.