Open AccessEducating Engineers To Make Technological Contributions In The New Competitive Electrical Power Market
Author(s) -
Fred Haag
Publication year - 2020
Language(s) - English
Resource type - Conference proceedings
DOI - 10.18260/1-2--8324
Subject(s) - monopoly , incentive , competition (biology) , industrial organization , free market , order (exchange) , economics , service (business) , business , marketing , market economy , politics , political science , finance , ecology , law , biology
The free-market economic system is generally recognized as a powerful means to improve human conditions. This system, which is based on having fair competition, provides the incentives to produce more goods and services for consumers. In addition, the need for a stable and transparent legal framework to support fair competition has the added benefit of aiding the development of democratic institutions.
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