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of <h1>Monopoly grants exclusive business privileges restricting public liberty and enables price control through market dominance</h1> A monopoly is defined as a privilege or exclusive advantage granted to one or more persons or companies, providing the sole right to conduct particular business, trade, manufacture articles, or control commodity supply. Under English law, it constitutes a royal license for exclusive buying, selling, making, working, or using anything, restricting general public liberty in manufacturing or trading. A monopoly involves ownership or control of such a substantial market portion that it stifles competition, restricts commercial freedom, and enables price control by the monopolist.
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