legal monopoly |
|
Definition
Right granted by a government to a firm to be an exclusive provider of a particular good (such as radioactive material) or service (such as electricity or water supply, or minting of the country's currency) nationwide or within a geographic area. In exchange, the government acquires the rights to monitor and regulate the monopoly's activities, policies, and rates.
email to a friend
print this definition
cite this definition
link to this page
legal monopoly is in the Corporate, Commercial, & General Law and Economics, Politics, & Society subjects.
legal monopoly appears in the definitions of the following terms: patent and copyright (©)
This content can be found on the following page:
http://www.businessdictionary.com/definition/legal-monopoly.html