Reagan's focus on deregulation was a key aspect of his economic policy that aimed to reduce government regulations in various industries such as finance, energy, and telecommunications. This approach sought to promote free-market competition and remove barriers that hindered business growth.
Related terms
Laissez-faire: An economic doctrine advocating minimal government intervention in the market.
Supply-side economics: An economic theory supporting tax cuts for businesses and high-income individuals to stimulate investment, production, employment, and overall economic growth.
Monopolies: Refers to situations where one company dominates an industry without significant competition.