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deregulation |
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deregulationAction to abolish or reduce government controls and supervision over private economic activities, with the aim of improving competitiveness. This may lead to an increase in company mergers and acquisitions, but also bankruptcies. A wider array of services and lower prices in some industries may also result; see also monetarism; privatization. The financial and transport sectors have been extensively deregulated in the UK, USA, and other countries in recent decades. 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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Deregulation began in earnest in the early 80s with the partial privatization of Japan National Railways (JNR), Nippon Telegraph & Telephone (NTT) and Japan Tobacco. Kuttner, co-editor of" The American Prospect, continued: "In principle, deregulation of the power industry was supposed to use the discipline of free markets to generate just the right amount of electricity at the right price. Projected on-farm impact of deregulation Revenue change Herd from State size deregulation (1) California 1,710 +$210,220 Florida 1,500 -465,900 Idaho 750 +13,710 Missouri 80 -26,200 New Mexico 2,000 -365,280 New York 110 -38,010 Texas 1,300 -240,990 Vermont 134 -42,050 Washington 900 +26,870 Wisconsin 135 -13,620 (1) Assumes national average, 50 cents/cwt. |
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