What Is a Public Franchise? Are All Public Franchises Natural

question 33

Essay

What is a public franchise? Are all public franchises natural monopolies?

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Definitions:

Continents

Large landmasses on Earth's surface, conventionally counted as seven: Africa, Antarctica, Asia, Australia, Europe, North America, and South America.

Oceans

Oceans are large bodies of salt water that cover approximately 71% of the Earth's surface, divided into five major basins: the Pacific, Atlantic, Indian, Southern, and Arctic Oceans.

Landscape

An area of land that is defined by its features, natural and human-made, visible from a particular location.

Geologic Hazards

Natural events or phenomena that might have a negative effect on life or property, which include earthquakes, landslides, and volcanic eruptions.