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Monaco

From Longman Dictionary of Contemporary EnglishMonacoMon‧a‧co /ˈmɒnəkəʊ, məˈnɑːkəʊ $ ˈmɑːnəkəʊ/  a small principality (=country ruled by a prince) on the Mediterranean coast between France and Italy. It is a popular place for rich people from other countries to go to live, because of its low taxes. Population 30,500 (2014). Capital: Monaco-Ville. Its main town is Monte Carlo. People from Monaco are called ‘Monégasques’. see also Kelly, Grace
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