Monopolization (noun)

1. The act of monopolizing or the state of being monopolized; exclusive control of a commodity or service by one person or group.
2. The condition in which a single company or group has exclusive control over the market for a particular product or service.

Origin:

Mid 19th century: from french monopolisation, from monopoliser 'monopolize'.

Examples:

1. The monopolization of the telecommunications industry has led to higher prices for consumers.
2. The company's goal is to complete the monopolization of the market for computer software.
3. The government's decision to take over the monopolization of the country's energy sector was met with mixed reactions.
4. Monopolization has led to a decrease in competition and innovation in the industry.
5. The monopolization of the diamond industry by De Beers has been a subject of controversy for many years.