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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.
It is a monopoly created, owned, and operated by the government. 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 Saudi government owns or has significant stakes in a vast number of companies spanning various industries such as energy, banking, telecommunications, infrastructure, healthcare, and more. There are well over 150 government-owned or partially state-owned companies in Saudi Arabia, reflecting the government's strategic role in the economy ...
Additionally, the private companies tended to focus more on profit maximization than on the quality and quantity of service provided because water is a natural monopoly. Because of this, by 2000 only 15% of water supply remained privatized. [4] [5] There have also been multiple examples of privatization contracts being terminated by the government.
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.
Georgia’s Senate voted 33-21 on Monday to pass a bill that would give legislators a veto over significant regulations imposed by the executive branch, a move that has hampered safety efforts and ...
A legal monopoly, statutory monopoly, or de jure monopoly is a monopoly that is protected by law from competition. A statutory monopoly may take the form of a government monopoly where the state owns the particular means of production or government-granted monopoly where a private interest is protected from competition such as being granted exclusive rights to offer a particular service in a ...
As the session begins Monday, legalized gambling, tort reform on the line.