If a federal or state government grants a firm or person a license to conduct a specific business, then such business may be known as a:

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A government-granted license to conduct a specific business is essentially a form of a government-granted franchise, as it grants the individual or firm exclusive rights to operate that particular business in a specified area. Private franchisees are individuals who have acquired a franchise from a private company and are not related to government-granted licenses. A private monopoly occurs when there is a single dominant firm in the market, which is not necessarily related to government licensing. A government franchisor is not a commonly used term.

If a Federal or State Government Grants a Firm or Person