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English definition of “government monopoly”

government monopoly

noun [C or U]
 
 
GOVERNMENT, ECONOMICS
a situation in which the government owns and controls a particular industry and there is no competition: Government monopoly of communications is incompatible with e-commerce. The exploration of space has been a government monopoly for 50 years, but it can be done through the private sector too.
(Definition of government monopoly from the Cambridge Business English Dictionary © Cambridge University Press)
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