Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “state monopoly”

state monopoly

noun [C or U]
 
 
(also public monopoly)
GOVERNMENT, ECONOMICS an organization owned by a government which supplies all of a particular product or service, with no competitors, or a situation in which this happens: The company is a former state monopoly in which the Japanese government still holds a large proportion of the shares. The tobacco industry has been run as a state monopoly since the revolution. In China most commodities, except 16 crucial ones which are currently under state monopoly, are open to all enterprises.
(Definition of state monopoly from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of state monopoly?
Add Cambridge dictionaries to your browser to your website

Word of the Day

mutant

an organism that is different from others of its type because of a permanent change in its genes

Word of the Day

What’s that lovely smell?

by Kate Woodford​,
October 29, 2014
As adult humans, we can distinguish about 10,000 different smells. It’s no wonder, then, that we have so many words and expressions to describe them. This week we’re taking a look at those smell words – words that describe good smells and words that describe bad smells. Most smell words are either

Read More 

high-frequency trading noun

October 27, 2014
a type of stock market trading that uses very complex technology to trade extremely quickly, often making tiny profits which nevertheless add up to substantial sums Lewis’s book, Flash Boys, is driving a huge amount of attention toward the topic of high frequency trading, and it has rekindled some of

Read More