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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.
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.
Their principals included individuals active in the 1789 purchases, as well as leading Georgia politicians such as James Gunn [4] and United States Supreme Court Associate Justice James Wilson. These companies persuaded the Georgia state assembly to sell more than 40,000,000 acres (160,000 km 2) of land for $500,000. Many Georgia officials and ...
11. Thurn and Taxis Mail. The private company operated postal service back in the 1800s and enjoyed a monopoly on postal services. The company's dominance came to an end after Prussian victory ...
JK Galbraith, The New Industrial State (1967) JS Mill, On Liberty (1859) Tony Prosser, The Limits of Competition Law (OUP, 2005) ch. 1. J Schumpeter, The Process of Creative Destruction (1942) A Smith, An Enquiry into the Nature and Causes of the Wealth of Nations (1776) R Wilberforce, The Law of Restrictive Practices and Monopolies (Sweet and ...
A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, [21] good, commodity, or service. A price floor must be higher than the equilibrium price in order to be effective. The equilibrium price, commonly called the "market price", is the price where economic forces such as supply ...
A History of Georgia (1991). Survey by scholars. Coulter, E. Merton. A Short History of Georgia (1933) Grant, Donald L. The Way It Was in the South: The Black Experience in Georgia 1993; London, Bonta Bullard. (1999) Georgia: The History of an American State Montgomery, Alabama: Clairmont Press ISBN 1-56733-994-8. A middle school textbook.
The Georgia Laws are compiled and annually published by the Georgia Office of Legislative Counsel, who also serves as the staff of the Code Revision Commission, [2] and are distributed by the Georgia Secretary of State. [3] The Georgia Laws have been published since 1820. [1] The Session Laws of American States and Territories Georgia contains ...