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Deregulation can lead to problems such as reduced consumer protection, increased market volatility, and monopolistic practices, as companies may prioritize profit over public interest. Additionally, it can create disparities in access to essential services, particularly in sectors like healthcare and utilities. Solutions include implementing targeted regulations that ensure fair competition, establishing oversight bodies to monitor industry practices, and maintaining safety and quality standards to protect consumers. Balancing deregulation with necessary safeguards can promote innovation while safeguarding public welfare.

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2mo ago

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