Respuesta :
Deregulation is the term for the removal or relaxation of the rules affecting businesses within certain industries.
Deregulation, typically in the economic arena, is the process of abolishing or lowering state restrictions. It is the abolition of economic regulation by the government.
In an advanced industrial economy, deregulation refers to the act of eliminating current industry-specific restrictions. By getting rid of ineffective legislation, the government has less influence over certain industries, which gives companies greater freedom to operate on the global market.
An illustration of deregulation in the banking sector:
It made it possible for banks to invest their money in securities and compete with rivals on a global scale without being constrained by restrictions. The removal of the Glass-Steagall Act in 1999 led to the deregulation of banks in the United States.
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