Question

The term for the removal of legislative or regulatory guidelines that inhibit and control an industry is:

a. Diversification
b. Deregulation
c. Standardization
d. Restriction

Answer 1

Deregulation is the term for the removal of legislative or regulatory guidelines that inhibit and control an industry. It involves reducing or eliminating laws previously enforced on a particular industry. This allows for more freedom and competition within the industry.

Step-by-step explanation:

Deregulation is the term for the removal of legislative or regulatory guidelines that inhibit and control an industry. It involves reducing or eliminating laws previously enforced on a particular industry. This allows for more freedom and competition within the industry. For example, the deregulation of the telecommunications industry in the late 1970s and early 1980s allowed for increased competition and innovation in the market.