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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.
This is a non-exhaustive world-wide list of government-owned companies. The paragraph that follows was paraphrased from a 1996 GAO report which investigated only the 20th-century American experience. The GAO report did not consider the potential use in the international forum of SOEs as extensions of a nation's foreign policy utensils.
The United States federal government chartered and owned corporations operate to provide public services. Unlike government agencies such as the Environmental Protection Agency, the Bureau of Indian Affairs, or independent commissions, such as the Federal Communications Commission, the Nuclear Regulatory Commission, and others, they have a separate legal personality from the federal government.
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 ...
In this article we are going to list the 12 most famous monopolies of all time. Click to skip ahead and jump to the 5 Most Famous Monopolies of All Time. There was a long time when ...
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.
Georgia's Republican lieutenant governor has unveiled a plan to roll back regulations in a similar style to what Tesla CEO Elon Musk is doing at the federal level in Washington, D.C.