Question

Pls can anyone help me with advantages of deregulation

Answer 1

Answer:

a) Increased competition acts as a spur to greater efficiency, leading to lower costs and prices for consumers.

b) In some markets, such as airlines and telecoms, deregulation has enabled an increased number of firms, allowing lower prices for consumers. This is particularly noticeable with low-cost airlines and falling prices of telephone calls.

c) Government regulation often involves excessive costs of bureaucracy.

Deregulation allows consumers greater choices