👉 Monopolisation is a situation where one individual, corporation or other entity has complete control over a particular market, business or industry. This means that they are able to set prices, control production and marketing strategies, and determine who can compete in the market. In other words, it's when someone holds so much power or influence in a specific area that they have more say than anyone else. Monopolies are often used as a way for one person or entity to gain advantage over others, especially