Review:
Deregulation
overall review score: 3.5
⭐⭐⭐⭐
score is between 0 and 5
Deregulation is the process of reducing or eliminating government regulations on industries, businesses, or markets.
Key Features
- Reduction or elimination of government regulations
- Promotion of competition
- Increased market flexibility
Pros
- Promotes competition and innovation
- Can lead to lower prices for consumers
- Encourages economic growth and job creation
Cons
- May result in less consumer protection
- Risk of creating monopolies or oligopolies
- Potential for environmental harm if regulations are weakened