Two semantic clusters. (1) Agriculture — the original meaning, a ridge of earth heaped up between or along furrows in a field. As a measure word,
一垄玉米 = 'one row of corn'. Compounds:
田垄 (field ridge),
瓦垄 (the ridges on a tiled roof — same shape). (2) Modern economic —
垄断 (monopoly, to monopolise) and
反垄断 (anti-monopoly) are now the most common reasons learners meet
垄. The metaphor: a market 'mounded up' and held by one party, blocking access for others. The phrase comes from Mencius (
《孟子》) — a tax-evading merchant climbed a high ridge (
垄断) to spot all the customers from above.