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In economics, a government-granted monopoly (also called a "de jure monopoly" or "regulated monopoly") is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or firm to be the sole provider of a good or service; potential competitors are excluded from the market by law, regulation, or other mechanisms of government enforcement.
When discussing the monopolies of knowledge, Innis focuses much of his concern on the United States, where he feared that mass-circulation newspapers and magazines along with privately owned broadcasting networks had undermined independent thought and local cultures and rendered audiences passive in the face of what he calls the "vast monopolies of communication". [9]
Darcy v Allin was the first definitive statement by a court that state-established monopolies are inherently harmful and therefore contrary to law. The case has since come to be known as The Case of Monopolies, and the arguments set forth therein have served as the basis for modern antitrust and competition law. It drew considerably on ...
Jirat Teparaksa/Shutterstock.com. 6. De Beers. De Beers is one of the most controversial companies among the biggest monopolies of all time, which is saying something.
In turn, that financial behaviour divides the world among monopolist business companies. In colonizing undeveloped countries, business and government will engage in geopolitical conflict over the exploitation of labour of most of the population of the world. Therefore, imperialism is the highest (advanced) stage of capitalism, requiring ...
The government may also reserve the venture for itself, thus forming a government monopoly, for example with a state-owned company. [citation needed] Monopolies may be naturally occurring due to limited competition because the industry is resource intensive and requires substantial costs to operate (e.g., certain railroad systems). [3]
An estimated 12 people die every day while waiting for a kidney transplant. At least some of those deaths are preventable, and monopoly government contractors shoulder most of the blame ...
The federal government says having companies compete for these contracts lowers costs by $1.6 billion — money which allows more needy families to get formula. Newsy Investigates The Baby Formula ...