IPA: //sɒvˈkhoʊz//
KK: /sov-khoz/
A type of farm that was owned by the government in the former Soviet Union, where workers were paid wages for their labor.
The sovkhoz produced a large amount of grain for the country.
The word 'sovkhoz' comes from Russian 'совхоз' (sovkhoz), which is a combination of 'совет' (soviet, meaning council) and 'хоз' (short for 'хозяйство', khozyaystvo, meaning economy or farm). It refers to a state-owned farm in the Soviet Union, managed by a council.
Think of a 'council' ('совет') managing a 'farm' ('хоз') — that's what a sovkhoz is, a farm run by the state.
No commonly confused words.