State monopoly
From The Art and Popular Culture Encyclopedia
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In economics, a government monopoly (or public monopoly) is a form of coercive monopoly in which a government agency or government corporation is the sole provider of a particular good or service and competition is prohibited by law. It is a monopoly created by the government. It is usually distinguished from a government-granted monopoly, where the government grants a monopoly to a private individual or company.
A government monopoly may be run by any level of government - national, regional, local; for levels below the national, it is a local monopoly. The term state monopoly usually means a government monopoly run by the national government, although it may also refer to monopolies run by private entities yet protected or sanctioned by the state government.
See also
- Alcohol monopoly
- Coercive monopoly
- Crown corporation
- Salt commission
- Government-granted monopoly
- Monopoly
- Monopoly on violence
- Nationalization
- Natural monopoly
- State monopoly capitalism
