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Thursday, 18 August 2011

Word of the Day

Deregulation

The removal of regulations that restricted competition and freedom of market activity. In the last 30 years, the UK government has deregulated the following markets: airlines, radio stations, bus companies, televisions and telecommunications. The coalition government recently introduced 11 enterprise zones in the UK whereby these regions would be subjected to fewer planning regulations (as well as tax breaks), thus are an example of deregulation policies in the current government. For more on the enterprise zones, click here.

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