Reduction of governmental involvement in the marketplace is called:
A) de-overcapitalization.
B) red tape cutting.
C) decentralization.
D) centralization.

Question

Quizplus · Accepted Answer

Decentralization refers to reducing the level of government intervention and control in the marketplace. It involves delegating power to lower levels of government or to private organizations, allowing for more market freedom and less regulation. None of the other options listed accurately describe this concept.

Reduction of Governmental Involvement in the Marketplace Is Called