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

  1. 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

  1. 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.


© 2021-2024 AskTheFox.org by Vacilando.org
Official presentation at encyclopedia.uia.org