state monopoly
noun[CorU]
ukus(alsopublic monopoly)GOVERNMENT,ECONOMICS
anorganizationownedby agovernmentwhichsuppliesall of aparticularproductorservice, with nocompetitors, or asituationin which thishappens:
Thecompanyis aformerstatemonopolyin which theJapanesegovernmentstillholdsalargeproportionof theshares.
Thetobaccoindustryhas beenrunas astatemonopolysince therevolution.
InChinamostcommodities, except 16crucialoneswhich arecurrentlyunderstatemonopoly, areopento allenterprises.