deregulation

Pg. 1 Deregulation The twentieth century will be known to future economists as the era that gave birth to a new world economic thinking which gave way to massive modern, technological innovations and changes. These massive changes have created a highly developed and mobile world economy where there has been a constant power struggle between the sate and market. The government has intervened in the market with regulations as a means of exerting control and influence …

…mentality where the consumer needs are met at an astounding pace and the generation grows up with new innovations to pamper their every need and want. But the greatest change has been the shift of power from the state to the market. There is the belief that market knowledge will meet the demands in a way that the state never could and so the government has now allowed virtually anyone to enter into an industry.