Meaning of deregulation - SS2 Government Past Questions and Answers - page 1
What does deregulation mean?
The process of increasing government regulations on industries and businesses.
The process of removing or reducing government regulations on industries and businesses.
The process of privatizing government-owned industries and businesses.
The process of removing or reducing government regulations on industries and businesses.
Why is deregulation implemented?
To increase government control over industries and businesses.
To stimulate economic growth and innovation.
To protect consumers from exploitation.
What are the potential negative consequences of deregulation?
Exploitation of workers or the environment.
Increased government control over industries and businesses.
Increased protection for consumers.
What is the importance of balancing deregulation with safeguards?
To ensure that government regulations are not removed completely.
To prevent businesses from becoming too powerful.
To balance the benefits of increased economic activity with the need to protect public interests.
To balance the benefits of increased economic activity with the need to protect public interests.
Who benefits from deregulation?
Consumers only.
Businesses only.
Both consumers and businesses.
Give a brief definition of deregulation.
Deregulation refers to the process of removing or reducing government regulations and restrictions on industries, businesses, or certain economic activities.
What are the potential negative consequences of deregulation?
Deregulation can have negative consequences if it leads to the exploitation of workers or the environment, or if it creates monopolies or other forms of market power that harm competition and consumers.