| | Government-granted monopoly - Wikipedia, the free encyclopedia |
 | | In economics, a government-granted monopoly (also called a "de jure monopoly") is a form of coercive monopoly in 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. |
 | | Amongst forms of coercive monopoly it is distinguished form government monopoly or state monopoly (in which government agencies hold the legally-enforced monopoly rather than private individuals or firms) and from government-sponsored cartels (in which the government forces several independent producers to partially coordinate their decisions through a centralized organization). |
 | | Today, government-granted monopolies may be found in public utility services such as public roads, mail, water supply, and electric power, as well as certain specialized and highly-regulated fields such as education and gambling. |
| en.wikipedia.org /wiki/Government-granted_monopoly (627 words) |