Economics of regulation

Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to transitioning something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the

Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. For example: in government, typically regulation (or its plural) refers to the delegated legislation which is adopted to enforce primary legislation; including land-use regulation in economics: regulatory economics in finance: financial regulation in business, industry self-regulation occurs through self-regulatory organizations and trade associations

Liberalization (American English) or liberalisation (British English) is a broad term that refers to the practice of making laws, systems, or opinions less severe, usually in the sense of eliminating certain government regulations or restrictions. The term is used most often in relation to economics, where it refers to economic liberalization, the removal or reduction of restrictions placed upon (a particular sphere of) economic activity. However, liberalization can also be used as a synonym for decriminalization or legalization (the act of making something legal after it used to be illegal),

thumb|250px|As a result of deregulation of telecommunications in New Zealand, France Télécom (now Orange S.A.|Orange) operated phone booths in [[Wellington and across New Zealand in the 2000s.]] Deregulation is the process of removing or reducing state regulations, typically in the economic sphere. It is the repeal of governmental regulation of the economy. It became common in advanced industrial economies in the 1970s and 1980s, as a result of new trends in economic thinking about the inefficiencies of government regulation, and the risk that regulatory agencies would be controlled by the reg

adage that when a measure becomes a target, it ceases to be a good measure

sudden release of price and currency controls

corrupt government failure in which regulations are written in favour of private interests

where private interests influence a state's decision-making processes

economics of regulation, in the sense of the application of law by government

pricing strategy in which businesses set flexible prices algorithmically based on current market demands

Legalization is the process of removing a legal prohibition against something which is currently not legal.

drastic changes affecting the London Stock Exchange and implemented on 27 October 1986

political catchphrase

law in the United States

United Kingdom government procurement policy

form of market regulation