noun
- the removal or reduction of government rules and restrictions on an industry or economic sector
Usage: economics; politics
Examples
- The deregulation of the airline industry led to lower ticket prices.
- Banking deregulation in the 1980s changed how financial institutions operated.
- Critics argue that deregulation can sometimes harm consumer protection.
- The telecommunications deregulation allowed new companies to enter the market.
- Energy deregulation gave consumers more choices for their electricity provider.
- Some economists support deregulation as a way to increase competition.