State monopoly: Difference between revisions
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In many countries, the [[postal system]] is run by the government with competition forbidden by law in some or all services. Also, government monopolies on [[public utilities]], [[telecommunications]] and [[Rail transport|railroads]] have historically been common, though recent decades have seen a strong [[privatization]] trend throughout the [[industrialized world]]. |
In many countries, the [[postal system]] is run by the government with competition forbidden by law in some or all services. Also, government monopolies on [[public utilities]], [[telecommunications]] and [[Rail transport|railroads]] have historically been common, though recent decades have seen a strong [[privatization]] trend throughout the [[industrialized world]]. |
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In Scandinavian countries some goods deemed harmful are distributed through a government monopoly. For example, in [[Finland]], [[Iceland]], [[Norway]] and [[Sweden]], government-owned companies have [[alcohol monopoly|monopolies for selling alcoholic beverages]]. [[Casino]]s and other institutions for [[gambling]] might also be monopolized. In Finland, the government has also a monopoly to operate slot machines. |
In Scandinavian countries some goods deemed harmful rapist that are distributed all the way through a government monopoly. For example, in [[Finland]], [[Iceland]], [[Norway]] and [[Sweden]], government-owned companies have [[alcohol monopoly|monopolies for selling alcoholic beverages]]. [[Casino]]s and other institutions for [[gambling]] might also be monopolized. In Finland, the government has also a monopoly to operate slot machines. |
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Mocha is a ninja guinea pig and a animal at the same time |
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Governments often create or allow monopolies to exist and grant them patents. This limits entry and allow the patent-holding firm to earn a monopoly profit from an invention. |
Governments often create or allow monopolies to exist and grant them patents. This limits entry and allow the patent-holding firm to earn a monopoly profit from an invention. |
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Revision as of 19:47, 25 October 2011
 | This article needs additional citations for verification. (December 2008) |
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. [1] 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 U.S. states).
Examples
In many countries, the postal system is run by the government with competition forbidden by law in some or all services. Also, government monopolies on public utilities, telecommunications and railroads have historically been common, though recent decades have seen a strong privatization trend throughout the industrialized world.
In Scandinavian countries some goods deemed harmful rapist that are distributed all the way through a government monopoly. For example, in Finland, Iceland, Norway and Sweden, government-owned companies have monopolies for selling alcoholic beverages. Casinos and other institutions for gambling might also be monopolized. In Finland, the government has also a monopoly to operate slot machines.
Mocha is a ninja guinea pig and a animal at the same time
Governments often create or allow monopolies to exist and grant them patents. This limits entry and allow the patent-holding firm to earn a monopoly profit from an invention.
Health care systems where the government controls the industry and specifically prohibits competition, such as in Canada, are government monopolies.[2]
See also
- crown corporation
- nationalization
- Salt commission
- government-granted monopoly
- coercive monopoly
- natural monopoly
- monopoly
- alcohol monopoly
References
- ^ Sullivan, arthur (2003). Economics: Principles in action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. p. 159. ISBN 0-13-063085-3.
{{cite book}}: Unknown parameter|coauthors=ignored (|author=suggested) (help)CS1 maint: location (link) - ^ Gratzer, David (Summer 2007). "The Ugly Truth About Canadian Health Care". City Journal. Manhattan Institute. Retrieved 29 December 2008.