монополия — meaning in English: monopoly

Usage

Native speakers often use the word 'монополия' in discussions about market dynamics, especially in economic or business contexts. For instance, during a conversation about a company's control over a specific industry, one might say, 'Эта компания имеет монополию на рынке.' (This company has a monopoly in the market.)

Synonyms & nuances

A close synonym is 'гегемония' (hegemony), which refers more to dominance rather than market control. While 'монополия' specifically pertains to the economic sphere, 'гегемония' is broader and can apply to political and cultural contexts.

Culture

'Монополия' has roots in the Greek word 'monopolein,' meaning 'to sell alone.' The concept has played a significant role in Russian economic history, particularly during the Soviet era when state-run industries often had monopolistic control. Interestingly, the term has also been popularized in the game Monopoly, which reflects similar themes of market control and competition.

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