Deregulation (Noun)
Meaning
The act of freeing from regulation (especially from governmental regulations).
Classification
Nouns denoting acts or actions.
Examples
- The airline industry underwent significant changes after deregulation, leading to increased competition and lower fares.
- The government's policy of deregulation led to a surge in the number of private banks operating in the country.
- Critics argue that the deregulation of the financial industry contributed to the economic downturn by allowing reckless behavior to go unchecked.
- The deregulation of the telecommunications sector has led to a proliferation of new services and lower prices for consumers.
- The aim of deregulation was to encourage economic growth by reducing the burden of government bureaucracy on businesses.