Deregulation as an economic policy borders on

Deregulation as an economic policy borders on the removal of restrictions and extension of competition. It is a process of reducing or eliminating government regulations and controls on businesses, industries, and markets, allowing them to operate with more freedom and less intervention from the government. Deregulation often involves the removal of price controls, licensing requirements, and other regulations that limit entry or competition in markets. The aim of deregulation is to increase competition, efficiency, and innovation in markets, leading to lower prices and higher quality products and services. While the removal of subsidies on public utilities, privatization, and commercialization may be part of the process of deregulation, they are not the core principles of the policy.