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Chapter 11: Q. 24 (page 272)

What is deregulation? Name some industries that have been deregulated in the United States.

Short Answer

Expert verified
Many rules, regulations, and laws that govern business and industry are removed, relaxed, or repealed through deregulation.
All of the aforementioned industries have been deregulated in the United States, which means that all restrictions have been removed.

Step by step solution

01

Step1. Introduction

Deregulation is described as the removal, relaxation, or repeal of different rules, regulations, and laws that influence business and industry.

In a nutshell, we may state that the restrictions are being repealed.

02

Step2. Explanation

Deregulationistheprocessofremoving,relaxing,orrepealingmanyrules,regulations,andlawsthataffectbusinessandindustry.
Inanutshell,wemaysaythatthelimitswillbelifted.
The following are some of the industries in the United States that have been deregulated:

a) Utilities

b) Automobiles

c) Finance

d) Banking

e) Airlines

f) Telecom

g) Transport

As a result, all of the aforementioned industries have been deregulated in the United States, meaning that all restrictions have been abolished.

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