Question

___________ is the process of reducing or eliminating government regulations on an industry, allowing for more laissez-faire business practices. This has been a major issue in the airline, automobile, and power industries since the 1980s.

Answer 1

Deregulation.

Step-by-step explanation:

As the exercise details, deregulation is the process of reducing or eliminating government regulations on an industry, allowing for more laissez-faire business practices. This practise became common since the '70s and '80s. The state presence in industries or corporations began to reduce or dissapear, leaving those business with a free pass.