President Reagan's strategy for reducing the size of government and its influence, particularly on businesses, was largely focused on deregulation. His administration aimed to roll back federal regulations that were seen as burdensome to businesses and to promote free-market principles. This approach included reducing the extent of government interference in the economy, cutting taxes, and encouraging private enterprise. By deregulating various industries, Reagan sought to stimulate economic growth and foster a more business-friendly environment.
What was President Reagan's strategy for reducing the size of government and its influence, particularly on businesses?
Institutional expansion
Monopolization
Regulating
Deregulation
1 answer