BANKING AFFAIRS

Detailed explanation-1: -deregulation, removal or reduction of laws or other demands of governmental control. Deregulation often takes the form of eliminating a regulation entirely or altering an existing regulation to reduce its impact.

Detailed explanation-2: -Deregulation is the removal or reduction of government regulations in a specific industry. The goals are to allow industries to operate businesses more freely, make decisions efficiently, and remove corporate restrictions.

Detailed explanation-3: -Deregulation is the elimination or removal of government controls over a particular industry or sector. Deregulation opens up the industry to more players and makes it more competitive. Deregulation opens investment opportunities and promotes economic growth.

Detailed explanation-4: -An example of deregulation would be if the government removed this law. So people are free to wear or not wear the seatbelt without the threat of punishment. This also extends into the business world. For instance, the removal of the minimum wage would be an example of deregulation.