Firms bid to carry out tasks that the government wants done, which promotes competition and efficiency and keeps the bureaucracy in check.
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The Conservatives were interested primarily in competition and efficiency.
He says China needs to reform its regulatory regime to promote market competition and boost efficiency.
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When technology is available and you fail to embrace it to maximize efficiency in competition and operations, you turn off consumers and disappoint your loyal fans.
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For example, the Securities Exchange Act (1934) and the Investment Company Act (1940) require that regulators consider the likely impact of a proposed regulation on efficiency, competition and capital formation.
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Finally, he discussed how open borders, integration and the threat of foreign competition increases efficiency in an economy.
And while this efficiency-oriented competition thrives on getting in your face at every possible moment, the quality of our lives is also driven out.
Poor countries benefit from opening their markets, even unilaterally, since consumers can buy cheaper imports and foreign competition spurs domestic producers to greater efficiency.
At least in its later stages, Thatcherite privatisation was concerned with the restructuring of government-owned industries to introduce price mechanisms, competition and transparent regulation, to offer a share of ownership to the public, and to promote general economic efficiency.
Monopolists also have no incentive to reduce costs and increase efficiency, because the absence of competition assures them of selling products very profitably.
The business group CBI said it welcomed the "focus on efficiency, user engagement and greater use of competition in delivering improved services".
The regulator reckons that only competition can shake Consignia into action and that once prodded into greater efficiency, its financial performance will improve dramatically.
He said the process will be expensive, time-consuming and involve terrabytes of data as regulators try to determine whether Google is providing efficiency and ease of use to consumers or hurting competition by serving up biased search results.
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While a single wind-turbine does not affect the global atmosphere, the installation of a large number of such devices will interfere with the atmospheric circulation and diminish the extraction efficiency on the large scale, since any extraction of momentum will act in competition with natural wind-power energy dissipation by turbulence in the boundary layer.
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