Government Monopoly

Government Monopoly is a forced form of market domination by which a national or local administration, agency or business is permitted being the only provider of an certain product given that a competition using product is officially prohibited. A government monopoly is normally created and run by way of government, rather than by way of private business. A government monopoly may be run by any amount of government – national, regional; regarding levels below the national, it is a local monopoly.