Reagan's Focus on Deregulation

Definition

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.