what is the monopoly of trade
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A government-granted monopoly (also called a "de jure monopoly") is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or company to be the sole provider of a commodity; potential competitors are excluded from the market by law, regulation, or other mechanisms of ........
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Monopoly of Trade.
Explanation:
- The vendor poses no competitiveness in such a monopolistic sector since he is the primary vendor of products without a similar replacement. The monopoly of trade seems to be the state's control of all of a country's or nations' international exchange.
- The public control of those same owners of capital as well as the industrial economy makes the dominance of international exchange an absolute reality under communism or socialism.
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