Concept:The main idea is that removing government restrictions from markets allows demand and supply to set prices freely.
Explanation:Governments usually regulate markets through laws like price controls, licensing requirements, and import restrictions.
These rules prevent businesses from adjusting prices according to market conditions.
When such laws are removed, firms are no longer bound by government control over pricing.
Market forces begin to operate naturally, meaning demand and supply determine the prices of goods and services.
For instance, prices rise when demand exceeds supply and fall when supply exceeds demand.
This removal of regulation is specifically called deregulation.
Thus, deregulation is the process of freeing market forces from government intervention.
Answer:B. deregulation