Definition, Meaning & Synonyms

deregulation

noun

/ˌdiːrɛɡjʊˈleɪʃən/

Definition

The reduction or elimination of government rules controlling how businesses can operate.

Examples

The deregulation of the telecommunications industry led to lower prices for consumers.
Many argue that deregulation in the banking sector contributed to the financial crisis.
The government is considering further deregulation to stimulate economic growth.

Meaning

Deregulation refers to the process of removing or reducing restrictions placed by governmental bodies on industries, often to encourage competition and efficiency.