Market Deregulation

Market deregulation refers to the process of reducing or eliminating government rules controlling how businesses operate in a specific industry. In the context of competition policy, this aims to enhance competition by removing barriers to entry for new companies and allowing more freedom for existing businesses. By decreasing regulations, consumers may benefit from lower prices, increased choices, and innovations. However, it also raises concerns about potential negative impacts, such as reduced quality or increased market power for dominant firms. Essentially, deregulation seeks to create a more competitive and dynamic market environment.