Question

Briefly describe the term deregulation

Answer 1

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Deregulation in power industry is a restructuring of the rules and economic incentives that government set up to control and drive the electric power industry. ... Both regulation and deregulation make sense, and one or other is preferable under certain conditions.

Answer 2

Answer:

Deregulation is the reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Over the years the struggle between proponents of regulation and proponents of no government intervention have shifted market conditions.