Question

_______ refers to reduction of government control over business sector. *





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Answer 1

Answer:

regulatory economics

Explanation:

Regulatory economics is the economics of regulation.It is the application of law by the government or independent administrative agencies for various purposes including remedying market failure ,protecting environment and economic management.

Answer 2

Deregulation refers to a reduction of government control over the business sector.

• It is a process by which the government's control is reduced or eliminated from one or many sectors.
• The main idea behind the concept is to enhance competition by changing or removing laws, regulations.
• Deregulation allows the firms to expand in new markets and be as flexible as they want.
• The airline and banking industries are the ones that have been deregulated.