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A state monopoly can be characterized by its commercial behavior not being effectively limited by the competitive pressures of private organisations. [1] [2] This occurs when its business activities exert an extensive influence within the market, can act autonomously of any competitors, and potential competitors are unable to successfully compete with it.
Lenin insists in The State and Revolution (1917) that state monopoly capitalism is not a development beyond capitalism but a manifestation of it, countering liberal and social-democratic politicians who characterised this economic development as state socialism, [4] for example with regard to the so-named State Socialism initiatives in the ...
A monopoly has considerable although not unlimited market power. A monopoly has the power to set prices or quantities although not both. [37] A monopoly is a price maker. [38] The monopoly is the market [39] and prices are set by the monopolist based on their circumstances and not the interaction of demand and supply. The two primary factors ...
Due to the monopoly on violence held by the state, the policeman is allowed to use violence legally, while the suspect is not. In political philosophy , a monopoly on violence or monopoly on the legal use of force is the property of a polity that is the only entity in its jurisdiction to legitimately use force , and thus the supreme authority ...
State monopoly capitalist (stamocap) theory aims to define the final historical stage of capitalism following monopoly capitalism, consistent with Lenin's definition of the characteristics of imperialism in his short pamphlet of the same name.
A state-owned enterprise is a commercial enterprise owned by a government entity in a capitalist market or mixed economy.Reasons for state ownership of commercial enterprises are that the enterprise in question is a natural monopoly or because the government is promoting economic development and industrialization.
A state should not be confused with a government; a government is an organization that has been granted the authority to act on the behalf of a state. [22] Nor should a state be confused with a society; a society refers to all organized groups, movements, and individuals who are independent of the state and seek to remain out of its influence. [22]
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation.SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce.