The country of Garuf has recently removed all legal restrictions on the establishment of private enterprises. This action represents the process of
A) the nationalization of private assets.
B) deregulation.
C) socialism.
D) expanding totalitarian controls.
E) isolationism.

Question

Quizplus · Accepted Answer

Deregulation is the process of removing government regulations from an industry or sector. In this case, the country of Garuf has removed all legal restrictions on the establishment of private enterprises, which is a form of deregulation.

The Country of Garuf Has Recently Removed All Legal Restrictions