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Explain how getting right price affected the market for promoting development.

Getting prices right implies:

• Abolishing price controls as well as subsides on fundamentals. Higher prices which deny the very poor access to essentials as like clean water and electricity.

• Privatisation which can result into potential windfall profits to wealthy domestic as well as foreign speculators

• Deregulation which weakens the rules which defend consumers and workers from exploitation and causes environmental through unchecked negative externalities damage.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9580391

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