What makes taxi’s somewhat symbolic of the fight to free hidebound economies? In short; regulations enforced by the state. The taxi market shouldn’t be a complex one, as barriers to entry are low. However, this leads to the risk of having too many taxis on the roads. Cab fares can be problematic too, and unregulated competition means that fares fall to little more than a driver’s expenses. In Greek taxi-drivers have blockaded streets several times in protest against deregulation. So the question is; how does one go about building competitiveness in such a market, or in European markets in general?
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