Question

10. In recent years, there has been an outcry against government

regulation, contending that government regulation is "bad for

business." If you were a legislator charged (by your constituents) with

the responsibility of deregulating business, which three (3) laws would

you repeal, and why?

Answer 1

Three rules I will implement is :

1. Liberalization :

Under this, I will support the domestic industry by easing the business operation and making free the activities of business around the nation.

2. Privatization :

In this, I will privatize the market and hand majority of the resources to the private entrepreneurs so that employee and efficiency could be achieved.

3. Globalization :

Under this, I will ease out the foreign trade in the country.