Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Examples of deregulated markets
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Introduction
Deregulation refers to the removal of government intervention or other forms of barriers from a industry. The process of Deregulation is followed to give more autonomy to an industry to make quick and efficient decisions. Often it is noticed that regulations on an industry causes delayed decisions, red tapism and losses. Deregulation makes an industry more competitive domestically and internationally.
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