Deregulating commerce
- Deregulating markets
- Encouraging trade competition
Description
Removing government rules and guidelines about pricing from industries in order to create better services and lower costs in a more competitive environment.
Implementation
In the 1980s state-owned or protected monopolies and enterprises were broken-up or turned over to private ownership in several countries.
Claim
With little competition amongst government-regulated industries, corporations have no incentive to cut costs. Deregulation transforms high-cost protected companies into lean, formidable competitors.
Counter-claim
To remain competitive, firms must cut costs by laying off employees or become more dependent upon state subsidies, thereby increasing unemployment and use of tax money.
Broader
Narrower
Constrains
Constrained by
Facilitates
Facilitated by
Problem
Value
Reference
SDG
Metadata
Database
Global strategies
Type
(D) Detailed strategies
Subject
Content quality
Yet to rate
Language
English
Last update
Dec 3, 2024