Meaning of deregulation - SS2 Government Past Questions and Answers - page 1

1

What does deregulation mean?

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A

The process of increasing government regulations on industries and businesses.

B

The process of removing or reducing government regulations on industries and businesses.

C

The process of privatizing government-owned industries and businesses.

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2

Why is deregulation implemented?

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A

To increase government control over industries and businesses.

B

To stimulate economic growth and innovation.

C

To protect consumers from exploitation.

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3

What are the potential negative consequences of deregulation?

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A

Exploitation of workers or the environment.

B

Increased government control over industries and businesses.

C

Increased protection for consumers.

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4

What is the importance of balancing deregulation with safeguards?

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A

To ensure that government regulations are not removed completely.

B

To prevent businesses from becoming too powerful.

C

To balance the benefits of increased economic activity with the need to protect public interests.

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5

Who benefits from deregulation?

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A

Consumers only.

B

Businesses only.

C

Both consumers and businesses.

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6

Give a brief definition of deregulation.

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7

What are the potential negative consequences of deregulation?

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