| 单词 | deregulation |
| 释义 | deregulation The removal or relaxation of government regulation of economic activities. Advocates of deregulation argue that excessive regulation increases costs and restricts entry to markets in industry, finance and transport, and that consumers are better protected by competition. The financial and transport sectors have been extensively deregulated in recent decades in the US, UK and other countries. Critics of deregulation argue that it can result in lower standards of service and greater financial risks to customers, and that more competition may prevent some socially valuable services being paid for by cross-subsidization from the monopoly profits on other services. Increasing scientific information and political concern about environmental problems is in any case still leading to more regulation rather than less. See also: financial deregulation |
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