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State monopoly - Definition and Overview |
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A government monopoly is a monopoly of a particular good or service run by the government. It is usually distinguished from a government-granted monopoly, where the government grants a monopoly to a private individual or company. Advocates of free markets include this type of monopoly under the rubric of coercive monopoly.
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 term state monopoly usually means a government monopoly run by the national government, although it may also refer to monopolies run by regional entities called "states" (notably the US states).
See also
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