Government monopoly
From Freepedia
In economics, government monopoly is a form of coercive monopoly in which a government agency is the sole provider of a particular good or service and competition is prohibited by law. 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. 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).
Examples
In many countries, the postal system is run by the government with competition forbidden by law in some or all services. Also, government monopolies on public utilities and railroads have historically been common, though recent decades have seen a strong privatization trend throughout the industrialized world.
