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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.
circular flow of income in a frugal economy
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concept of indifference curve
(1) The federal government is considering selling tracts of federally owned land to private developers and using the revenues to provide aid to victims of an earthquake in a foreig
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