Question

When government deregulated an industry, what does it expect will happen? List two possible results of deregulation.

Answer 1

Answer:

Deregulation is when the government reduces or eliminates restrictions on industries, often with the goal of making it easier to do business. It removes a regulation that interferes with firms' ability to compete, especially overseas.Consumer groups can also prompt deregulation, if they feel the regulation is not serving their interests. They may also seek to remove regulations if they find that industry leaders are too cozy with their regulatory authorities.