In the context of global economy,which of the following has been widely accepted since the late 1980s?

Question

Quizplus · Accepted Answer

Deregulation of economies to promote greater competition has been widely accepted since the late 1980s as a way to promote economic growth and efficiency. This involves reducing government regulations on businesses and industries to allow for greater competition and innovation. This trend has been particularly notable in Western countries, where there has been a move away from heavy regulation towards market-oriented policies.

In the Context of Global Economy,which of the Following Has