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deregulation |
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deregulationAction to abolish or reduce government controls and supervision over private economic activities, as with the deregulation of the US airline industry in 1978. Its purpose is to improve competition. Increased competition had the effect, in some areas, of driving smaller companies out of business. A tremendous increase in mergers, acquisitions, and bankruptcies followed deregulation as the stronger companies consumed the weaker. A wider array of services and lower prices in some industries also have resulted; see also monetarism; privatization. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| California didn't deregulate its electricity market; it "restructured" it. city officials would deregulate the Los Angeles Department of Water & Power by the year 2003 or risk losing major commercial customers to competitors willing to offer cheaper electric power rates. RSA led the fight to preserve this critical right that allows owners to deregulate high-rent units upon vacancy. |
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deregulate
