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deregulation |
Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson | 0.04 sec. |
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Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. In the late 1990s and early 2000s the utility industry (power companies) in North America started to deregulate.Deregulation The reduction of government's role in controlling markets, which lead to freer markets, and presumably a more efficient marketplace.
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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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