Please Define the Following Key Terms

question 106

Short Answer

Please define the following key terms.
-factory regulations

---

Definitions:

Deregulation

The reduction or elimination of government power in a particular industry, usually with the goal of increasing competition and efficiency.

Regulated Industries

Sectors of the economy that are subject to governmental controls and regulations, often to protect public interest.

Decreased Prices

A situation where the cost of goods or services is reduced from a previous level.

Deregulation

Cutting back or doing away with state authority in a certain field, often to foster greater competition in that field.