Monopoly is a popular board game where players buy, sell, and trade properties to accumulate wealth. The goal is to bankrupt opponents by charging rent on owned properties and developing them with houses and hotels. Players move around the board based on dice rolls, landing on various spaces that can lead to opportunities or penalties. The game is designed for 2 to 8 players and typically takes several hours to complete. It includes iconic elements like Chance and Community Chest cards, which can provide unexpected benefits or setbacks. The game encourages strategic thinking and negotiation skills among players.