State monopoly
- Legal monopolies
Incidence
In Europe, state monopolies dictate air fares, international telephone charges and postal tariffs. Because of a lack of competition these, usually state-owned, companies can get away with unreliable service and poor value for money. Following the spate of bank mergers during the economic adjustments of the late 1980s and early 90s, complaints have arisen about loss of competition between banks and apparent collusion on maintaining high interest rates. State-owned monopolies dominate electricity and gas industries in almost every EEC/EU country, to the degree that, in 1991, ten governments were put on notice by the EC competition commissioner to liberalize their "cartel-like" arrangements.
Broader
Narrower
Aggravates
Aggravated by
Reduces
Strategy
Value
SDG
Metadata
Database
World problems
Type
(D) Detailed problems
Biological classification
N/A
Subject
Commerce » Conditions of trade
Government » Nation state » Nation state
Content quality
Unpresentable
Language
English
1A4N
J4242
DOCID
12042420
D7NID
133280
Last update
Oct 4, 2020