The term deregulation means that
A) business practices are mainly governed by market forces.
B) regulation of business is transferred from state to federal level.
C) regulation of business is transferred from federal to state level.
D) regulation of business is transferred from the state level to the counties.

Question

Quizplus · Accepted Answer

Deregulation means removing or reducing government regulations on business practices, thereby allowing market forces to govern business operations. The focus shifts from strict government oversight to market competition, allowing businesses more freedom to make their own decisions in terms of pricing, product quality, and operations. Option B, C, and D imply a transfer of regulation to another level of government, which is not necessarily the case in deregulation.

The Term Deregulation Means That