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Deregulation and a Easyjet case study DEREGULATION In economics terms, deregulation is where the government removes official barriers to competition (John Sloman). One of the first industries concerned by regulation have been the transport and telecommunications sectors. It consists in a shift to a competitive economic climate by reorienting and/or suppressing regulatory mechanisms (hofstra). However, deregulation does not necessarily refer to complete absence of free market regulation measures but rather to the promotion of competition inducing ones as elimination of monopolies for example. In theory, less regulations will lead to a raised level of competitiveness, therefore higher efficiency and lower overall prices. But deregulation is different from liberalization because a liberalized market can be regulated to protect specially the end consumer rights (free definition website). Sine the beginning of the mid-1970s, a strong political movement has been created to fight against regulatory program because of public dissatisfaction and economist's criticism (Palgrave). The first...

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