What is the term for the reduction of governmental involvement in the marketplace?
A) Waste
B) Political marketing
C) Deregulation
D) Trade legislation

Question

Quizplus · Accepted Answer

Deregulation is the term used to describe the reduction of governmental involvement in the marketplace. It refers to the elimination or scaling back of regulations and rules that control various industries or economic activities. This can include the removal of licensing requirements, price controls, and other restrictions on businesses in certain sectors. The goal of deregulation is to increase competition and improve efficiency in the marketplace, while reducing the burden of government regulations on businesses and consumers.

What Is the Term for the Reduction of Governmental Involvement