Focus on the pronunciation of state monopoly
English definition of “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.