Advantages and disadvantages of deregulation in Nigeria. - SS2 Government Lesson Note

· Promotes competition: Deregulation can increase competition among businesses by removing barriers to entry and creating a level playing field.
· Encourages investment: Deregulation can create a more favorable environment for investment by reducing the regulatory burden on businesses.
· Increases efficiency: Deregulation can improve the efficiency of industries and businesses by allowing them to operate more freely and make decisions based on market demand.
· Reduces costs: Deregulation can reduce the costs associated with compliance with government regulations, which can lead to lower prices for consumers.
· Stimulates innovation: Deregulation can encourage businesses to innovate and develop new products or services by removing barriers that may have limited their ability to experiment or invest in research and development.

· Increases risk: Deregulation can increase the risk of fraud, exploitation, and abuse by removing government oversight and regulation.
· Compromises safety: Deregulation can compromise the safety of workers, consumers, and the environment by allowing businesses to prioritize profits over safety measures.
· Threatens public interest: Deregulation can threaten public interest by allowing businesses to engage in practices that harm competition, reduce quality, or harm public health and safety.
· Creates market dominance: Deregulation can create market dominance by allowing larger companies to gain an advantage over smaller companies, leading to reduced competition.
· Increases inequality: Deregulation can increase inequality by benefiting larger, established businesses at the expense of smaller or newer businesses, which may not have the resources to compete.

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