deregulation
/diːˌrɛɡjəˈleɪʃən/
noun
- The removal of government rules and controls from an industry or activity, allowing it to operate more freely.
- After deregulation, many new companies entered the telecommunications market.
- The deregulation of the airline industry led to more flight options and lower fares.
- Supporters of deregulation argue that it encourages innovation and economic growth.
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