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One of these is deregulator or privatization of public enterprises or utilities. Deregulation is a world wide phenomenon. But experience of power failure in California and Mumbai reveal certain issues which has to be taken into account; if a transition on the path of deregulation has to be kept smooth.
If the deregulation system has to succeed, then we will have to keep checks on the motion of short term profit maximization. Any one may have incentive to maximize profit but when markets are not working perfectly these are always opportunities which cast blame on the market as a whole.
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Consider an economy in which George and Harriet consume only ale and bread
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what is the problem of double taxation??
Question: (a) There appears to be an emerging consensus that the movement towards good governance must include initiatives to strengthen the institutions of government and civi
with the aid of labelled production possibilty frontier explain the concept of opportunity cost
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