Meaning, reasons, advantages and disadvantages of deregulation. - SS3 Commerce Past Questions and Answers - page 1
1
What is the meaning of deregulation?
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A
Increasing government regulations in an industry
B
Reducing or eliminating government regulations in an industry
C
Implementing strict controls on businesses
2
Why is competition promoted through deregulation?
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A
To decrease consumer choices
B
To increase government control over industries
C
To lower prices and improve product quality
3
What is one advantage of deregulation?
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A
Reduced consumer protections
B
Increased market failures
C
Improved economic growth and investment
4
What is one potential disadvantage of deregulation?
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A
Potential for market failures
B
Enhanced equal access and affordability
C
Weakened market competition
5
What is the main reason for promoting deregulation?
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A
Reducing economic growth and investment
B
Stimulating market competition and innovation
C
Encouraging monopolies in the market
6
How does deregulation contribute to economic efficiency?
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7
What are some potential concerns associated with deregulation?
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