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Economics REVISION 1 (Micro) > For And Against Deregulation > Flashcards

For And Against Deregulation Flashcards

1
Q

What is deregulation

A

The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry

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2
Q

The aim of deregulation

A
  • Is to open up the market and increase completion

- Increase contestability of markets

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3
Q

Benefits of deregulation

A

Lower prices for consumers
Increased investment
LR- economic growth

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Economics REVISION 1 (Micro) (65 decks)

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