Deregulating commerce

Removing government rules and guidelines about pricing from industries in order to create better services and lower costs in a more competitive environment.

In the 1980s state-owned or protected monopolies and enterprises were broken-up or turned over to private ownership in several countries.

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.

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.

1. Reducing government regulations
2. Liberalizing trade
3. Fostering competition
4. Enhancing favourable trading environment

1. Reducing measures supporting uncompetitive production
2. Privatizing the public sector

1. Using economic instruments for sustainable development
2. Stimulating investment
3. Segmenting labour market
4. Fostering creative corporate competition
5. Competing in business

1. Researching public sector reform
2. Evaluating effects of world trade agreements on competition

1. Regulating world trade
2. Reducing intensity of economic competition
3. Engaging in unfair trade

1. Regulating common economic system

1. Unconstrained free trade
2. Exploitation of deregulation by entrenched enterprises
3. Deregulated labour market
4. Abusive deregulation

1. Competition [D]
2. Competition [C]