government 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).

Government Monopoly

See also