UNIT 9 _ MONOPOLY IN THE TECH INDUSTRY

Monopoly

An organization or group that has complete control of something

Provider

A company that sells a particular type of product/service

Unprecedented

Never having happened in the past

To freeze somebody out

To stop a person or organization from being indcluded in a particular activity or arrangement

A third-party purchase

A person other than the main participants buys something

Allegedly

Used when something is said to be true but has not been proved

Core process

A process that is part of the core business and therefore delivers customer value

Drawback

A disadvantage

Machine learning

Computers carry out tasks by learning from new data, without a human being needing to give instructions

To relay

To repeat something you have heard

Usury

Activity of lending someone money with the agreement that they will pay back a very much larger amount of money later

Commission

A payment to someone who sells goods that is directly related to the amount sold, or a system that uses such payment

Protocol

A computer language allowing computers that are connected to each other to communicate

Domain

A group of computers or websites that are organized by purpose, e.g., to provide education or sell products

Subscription

Amoutn of money you pay regularly to receive a product or service

Duopoly

A situation in which only two companies control all the business in a particular industry

Terms and condistions

The document governing the contractual relationship between the proviider of a service and a user you usually need to agree to

ISP

A company that provides use of the Internet, allows you to use email, and gives you space ont he Internet to show documents

Data cap

A limit that a cell phone, etc. enforces to prevent any single user from overloading a network

Common carrier

An entity that provides wired and wireless communication services to the general public for free

End user

The person or organization that uses a product or service

End-to-end principle

This states that network features should be implemented as close to the end points of the network - applications- as possible. This means that all the intelligence is held by producers and users, not by the networks that connect hem

Provision

The act of providing goods or services for use

Web hosting

The business or activity of providing storage spave and access for websites

Web-enabled

Designed or able to be used on the Internet

Information superhigh-way

The Internet and other systems that allow peaople to share infromation electronically

Cybersquatting

A term used to describe an individual or company who intentionally purchases a domain which is identical or similar to other trade- marks, brands or company names etc and then holds it for resale at a premium price