Government monopoly
From Biocrawler, the free encyclopedia.
(Redirected from State monopoly)
In economics, government monopoly is a form of coercive monopoly, in which a government agency is the sole provider of a particular good or service and competition is prohibited by law. 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 regional entities called "states" (notably the US states).
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Examples
In many countries the postal system is run by the government with no competition
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