refers to reduction of government control over business sector
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Regulatory economics is the economics of regulation. It is the application of law by government or independent administrative agencies for various purposes, including remedying market failure, protecting the environment, and economic management.
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Answer:
Deregulation refers to the reduction of government control over business sector. Deregulation helps the firms or business a free entry and exit from the market.
Explanation:
Deregulation is the process that helps in the decreasing the control of government over business sector which helps them to easily take important decisions for the enterprise.
2) It decreases and cut down various taxes which earlier needs to be paid by the business man.
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