Assertion: government granted monopoly | /r/CapableOf | call de jure monopoly
Facets:
value: in economics
type: OTHER
Source sentences:
text: In economics, a government-granted monopoly (also called a "de jure monopoly") and the monopoly to be served under government 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.