Deregulation means that the government withdraws certain laws and regulations that seem to hinder competition.

Question

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Deregulation is the process of removing or reducing government rules and regulations that restrict free competition in a particular industry or market. This can include removing licensing requirements, lowering barriers to entry, and reducing government control over pricing and other business practices. The goal of deregulation is to increase competition and innovation, leading to better services and lower prices for consumers.

Deregulation Means That the Government Withdraws Certain Laws and Regulations