decontrol
/ˌdikənˈtroʊl/
verb
- To remove official controls or restrictions from something, especially prices, trade, or business activities.
- The government decided to decontrol fuel prices to encourage competition.
- After years of strict rules, they voted to decontrol the telecommunications industry.
- The new law will decontrol the export of certain agricultural products.
Synonyms
noun
- The act or process of removing official controls or restrictions.
- The decontrol of prices caused some short-term inflation.
- Many economists supported the decontrol of the energy sector.
- The decontrol of interest rates led to a boom in lending.