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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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| WHEN California began the process of deregulating its electricity system, it was a bold step that caught national attention. When California began the process of deregulating its electricity system, it was a bold step that caught national attention. Under the direction of the NCC, Nigeria is actively deregulating its telecommunications industry, awarding licenses to entrepreneurial companies to deliver a wide range of telephony services. |
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deregulating
