Русско-англо-русский юридический словарь

For the second time in three weeks, the Governor has declared a “state of emergency” due to winter storms. (Atlanta Injury Law Blog)

For the second time in three weeks, the Governor has declared a “state of emergency” due to winter storms. (Atlanta Injury Law Blog)

A natural monopoly is a monopoly in an industry in which it is most efficient (involving the lowest long-run average cost) for production to be concentrated in a single firm. This market situation gives the largest supplier in an industry, often the first supplier in a market, an overwhelming cost advantage over other actual and potential competitors, so a natural monopoly situation generally leads to an actual monopoly. (Wikipedia)

A banking license is a prerequisite for a financial institution that wants to provide banking services. Under most jurisdictions the fundamental banking activities, such as taking deposits from the general public are exclusive to holders of a banking license. (Wikipedia)