monopolio
monopoly
The word 'monopolio' in Spanish translates to 'monopoly' in English. The term 'monopoly' originates from the Greek words 'monos', meaning single, and 'polein', meaning to sell. In economic terms, it refers to a market scenario where a single company or group owns all or nearly all of a given product or service's market. Hence, being the only supplier, it has significant influence over market price. This term can also refer to the popular board game 'Monopoly'.
Example sentences using: monopolio
El monopolio en la industria de la tecnología está dañando la innovación.
The monopoly in the technology industry is damaging innovation.
This sentence indicates that the control of an industry i.e., technology, by one entity or company, known as a monopoly, is having negative effects on the development of new ideas and products, referred to as innovation.
Amazon es acusado de monopolio debido a su dominio en el comercio electrónico.
Amazon is accused of monopoly due to its dominance in e-commerce.
An instance in which Amazon is being accused of exercising sole control (monopoly) over an industry, particularly e-commerce, which includes online shopping and transactions. Monopoly in this case could potentially be harmful or unfair to competition.
El gobierno intervino para romper el monopolio de la compañía ferroviaria.
The government stepped in to break the railroad company's monopoly.
Here, the government is acting to disrupt a single company's control (the railroad company's monopoly) over an industry. This suggests a situation where the government is enforcing measures to promote competition and fairness within the industry.