In one case, you forbid everyone but the licensees to produce a certain type of nails. In another case, you forbid everyone but the guild members to produce nails at all.
Both are government-granted monopolies.
In one case, you forbid everyone but the licensees to produce a certain type of nails. In another case, you forbid everyone but the guild members to produce nails at all.
Both are government-granted monopolies.