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The word for today is…
monopoly (noun):
1: exclusive ownership through legal privilege, command of supply, or concerted action
2: exclusive possession or control
3: a commodity controlled by one party
4: one that has a monopoly
Source : Merriam -Webster
Etymology :You’re probably familiar with the word monopoly, but you may not recognize its conceptual and linguistic relative, the much rarer oligopsony. Both monopoly and oligopsony are ultimately from Greek, although monopoly passed through Latin before being adopted into English. Monopoly comes from the Greek prefix mono-, which means “one,” and polein, “to sell.” Oligopsony derives from the combining form olig-, meaning “few,” and the Greek noun opsonia—”the purchase of victuals”—which is ultimately from the combination of opson, “food,” and oneisthai, “to buy.” It makes sense, then, that oligopsony refers to a buyer’s market in which the seller is subjected to the potential demands of a limited pool of buyers. Another related word is monopsony, used for a more extreme oligopsony in which there is only a single buyer.
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