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1. Definition: A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. He enjoys the power of setting the price for his goods

2. of, relating to, or characteristic of nomads a nomadic tribe nomadic herders. 2 : roaming about from place to place aimlessly, frequently, or without a fixed pattern of movement a nomadic hobo.

18fm01id 18fm01id · Answer 2

Answer:

monopoly, nomadic

Explanation:

noun, plural mo·nop·o·lies.

exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Compare duopoly, oligopoly.

an exclusive privilege to carry on a business, traffic, or service, granted by a government.

the exclusive possession or control of something.

something that is the subject of such control, as a commodity or service.

a company or group that has such control.

the market condition that exists when there is only one seller.

adjective no.ma.dic

of, relating to, or characteristic of nomads. (underneath)

noun

a member of a people or tribe that has no permanent abode but moves about from place to place, usually seasonally and often following a traditional route or circuit according to the state of the pasturage or food supply.

any wanderer; itinerant.