state monopoly
Sole public control
A state monopoly is exclusive government control over the production or sale of a particular good or service.
Historically, states have monopolized salt, tobacco, alcohol, postal services, and utilities.
The term can be neutral or critical depending on context: The state monopoly on rail transport kept fares low versus The state monopoly stifled innovation.
- nationalizationGovernment acquisition of industry
- public ownershipState-held property or enterprise
- command economyState-controlled economic system
- Soviet eraUSSR's historical span
- electricity gridNetwork distributing electrical current
utility company · rail network · deregulation · planned economy · antitrust law · government control · government agency · communism · gambling · national lottery · central planning · colonial administration · legal tender · tobacco · alcohol · liquor control · water supply · socialism
- communismMarx, Marxism, Leninism, Lenin, proletariat
- monopolymonopolization, market power, market dominance, market concentration, dominance
- planned economycommand economy, central authority, five-year plan, production quota, central committee
- state controlpublic ownership, command economy, planned economy, central planning, economic planning
- Statismstatism, centralization, centralized power, central authority, government control
- market distortionprice fixing, price control, cartel, tariff, quota
state monopolyfree market
Commerce without state intervention
perfect competition · competitive market · open market · free enterprise · market competition
state monopolyneoliberalism
Pro-market, anti-regulation ideology
Thatcherism · anarcho-capitalism · Austrian economics · Reaganomics · capitalism
state monopolyprivate enterprise
Individually owned business operation
private ownership · privatization · free enterprise · private sector · entrepreneurship