Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of government monopoly

Word of the Day

closeness

the quality of knowing someone very well, liking them a lot, and wanting to spend a lot of time together

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More