deregulation theory

Deregulation theory suggests that reducing government rules and restrictions in certain industries, such as finance or transportation, can lead to increased competition, innovation, and efficiency. By allowing market forces to operate more freely, businesses can respond better to consumer demands, potentially lowering prices and improving services. However, it also raises concerns about protecting consumers, workers, and the environment, as fewer regulations might result in negative outcomes. Supporters argue that a balanced approach can stimulate economic growth, while critics worry about the risks of unregulated markets.