'monopoly' originates from Greek, specifically the word 'monopolion,' where 'mono-' meant 'single' and 'polein' meant 'to sell.'

'monopolion' transformed into the Latin word 'monopolium,' and eventually became the modern English word 'monopoly' through Old French.

Initially, it meant 'exclusive right to sell,' but over time it evolved into its current meaning of 'exclusive control over a market or commodity.'