Advantages and disadvantages of deregulation in Nigeria. - SS2 Government Past Questions and Answers - page 1

Compromises safety of workers, consumers, and the environment

Reduces costs associated with compliance with government regulations

Creates market dominance

Increases efficiency

Increases risk of fraud, exploitation, and abuse

Deregulation can compromise safety by allowing businesses to prioritize profits over safety measures, which can harm workers, consumers, and the environment.

Deregulation can potentially create market dominance by allowing larger, established businesses to gain an advantage over smaller or newer businesses, leading to reduced competition.