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The basic aim of deregulation is to ensure that economic decisions are determined by

Government
NECO 2009

The basic aim of deregulation is to ensure that economic decisions are determined by

  • A. regulatory agencies
  • B. financial establishments
  • C. market forces
  • D. the organized private sector
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Correct Answer: Option C
Explanation

Deregulation is the reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.  The aim of deregulation is to open up the market and increase competition Deregulation aims to increase contestability of markets

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