Search results
Results from the WOW.Com Content Network
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.
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).
The company pioneered the approach in 2008 when it broke with 44 years of direct sales to hold the diamond industry's first online international auction sale. It is now the world's leader in this kind of auction sale. De Beers employs more than 30,000 people around the globe on five continents, with more than 17,000 employees in Africa.
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.
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.
Facebook is a monopoly. The timing could not be more curious: Today is the day Lina Khan’s FTC refiled its case to dismantle Facebook’s monopoly. To the average person, Facebook’s monopoly ...
The company today known as TTL had its origins in a government agency established by Taiwan's Japanese colonial government in 1901. The Monopoly Bureau of the Government-General of Taiwan (Chinese: 臺灣總督府專賣局) was responsible for all liquor and tobacco products in Taiwan as well as opium, salt, and camphor.
But, as a natural monopoly, PG&E and other investor-owned utilities do not have to be for-profit entities. In fact, around California, there are over 40 publicly owned electric utilities that are ...