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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.
The meaning of a market economy is in which the decision and production are prepared. The consumption of goods services are based on voluntary swap in markets.
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how do a traditional economy, a market, a centrally planned economy, and a mixed economy differ?
1. If GDP is not a good measure of economic well-being, why then it is always used by the president in his/her STATE OF THE NATION''S ADDRESS?
In the wake of the Asian financial crisis, policymakers, governments, and academics around the world are busy devising ways to reform the global financial architecture. The plethor
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