This is the 138th most frequent Icelandic word.
fyrirtæki
The Icelandic word "fyrirtæki" means "company" or "business" in English.
In this sentence, 'fyrirtæki' refers to an organization that operates as a business entity.
Fyrirtækið var stofnað árið 2000.
The company was founded in the year 2000.
Here, 'fyrirtæki' is used to describe the workplace or business entity the speaker is employed by.
Ég vinn hjá fyrirtæki sem sérhæfir sig í hugbúnaði.
I work for a company that specializes in software development.
In this example, 'fyrirtæki' is used in plural form to refer generally to business entities operating in Iceland.