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31 January, 08:53

A policy promoting cutbacks in the amount of federal regulations in specific areas of economic activity is

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  1. 31 January, 09:02
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    The answer is deregulation. It removes restrictions from laws for to allow competition among the industries and set into the market. However, based on experience, industries, and investments suffered from this set-up. The government stopped it after the mortgage crisis last 2007.

    It was also found out that is is difficult to apply because of existing monopolies that can control prices in the market.
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