state monopoly

state monopoly
state monopoly state monopoly monopoly

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state monopoly UK US 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.

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The tobacco industry has been run as a state monopoly since the revolution.

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In China most commodities, except 16 crucial ones which are currently under state monopoly, are open to all enterprises.


Financial and business terms. 2012.

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