![]() ![]() relatively high level of abstraction that ignores many real-world issues. Utah is only other US state to have similar restrictions. simple example, imagine the government is starting the monetary system from. Actually, the real price has declined by even more, because Windows has been. Besides, the grant of licenses is regulated by the government based on county populations. A less precise definition of monopoly (something less than a pure monopoly). Only stores licensed by the Board, called ‘state stores’, are allowed to sell alcoholic beverages. Pennsylvania Liquor RegulationsĪfter the end of alcohol prohibition in 1933, the US state of Pennsylvania relegated the control of alcohol manufacture, possession, and sale to an independent government agency, called the Pennsylvania Liquor Control Board. However, in 2014, the national government passed a bill seeking to draw private firms into coal mining sector. Coal India Limited is both, the world’s and India’s largest coal producer, contributing to more than 80% of annual coal production in the country. Indian Coal MiningĪfter achieving independence in 1947, coal mining in India was carried out by both, public and private enterprises, until 1973, when government decided to nationalize all private firms owing to their poor working conditions & economic losses. The government gave the contract to AT&T without a second thought, as the government had already determined that competitors would not be permitted to install new lines that would make AT&T’s lines redundant and unnecessary. Examples of such government monopolies include the Saudi Arabian-owned oil company Aramco and the Venezuela-owned PDVSA. The government actually enforced AT&T’s monopoly in 1918 when it nationalized the telecommunications industry. This is because, these countries depend to a large extent on oil exports for their annual revenue, and the industry requires high investment, which can only be provided by the national government. State-owned Petroleum CompaniesĬountries with substantial natural resources, like oil and natural gas, often monopolize these industries under the national government. That’s why, in many countries like USA, these industries are under the government domain, controlled by public utility commissions which are located in its various states, like the Alabama Public Service Commission, the Delaware Public Service Commission, and so on. These utilities require an abundance of natural resources like gas deposits and very expensive infrastructure. Public utilities include the services which are essential for daily life, such as water, gas, and electricity supply. ![]() Nuclear energy is the fourth-largest source of electricity generation in the country. ![]() At present, private industries are not allowed to set up nuclear plants, and the entire nuclear domain is supervised by the Department of Atomic Energy, which reports to the prime minister. The nuclear sector in India is strictly monopolized by its union government. ![]()
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