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Definition of “state monopoly” - English Dictionary

"state monopoly" in Business English

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state monopolynoun [C or U]

uk   us   (also public monopoly)
GOVERNMENT, ECONOMICS an ​organizationowned 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 ​formerstatemonopoly in which the Japanese ​government still ​holds a large ​proportion of the ​shares. The tobacco ​industry has been ​run as a ​statemonopoly since the ​revolution. In China most ​commodities, except 16 crucial ones which are ​currently under ​statemonopoly, are ​open to all ​enterprises.
(Definition of state monopoly from the Cambridge Business English Dictionary © Cambridge University Press)
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