Government Deregulation

Government deregulation involves reducing or removing rules and restrictions that govern how businesses operate. The goal is to promote competition, innovation, and economic growth by allowing companies more flexibility to make decisions and adapt quickly. While deregulation can lower costs and improve efficiency, it also requires careful oversight to prevent negative effects like unfair practices or safety issues. Overall, deregulation aims to balance the benefits of fewer rules with the need to protect consumers, workers, and the environment.