Definition of Deregulation:
Revision, reduction, or elimination of laws and regulations that hinder free competition in supply of goods and services, thus allowing market forces to drive the economy. Deregulation, however, doesnt mean no control or laissez faire.
The removal of regulations or restrictions, especially in a particular industry.
How to use Deregulation in a sentence?
- The deregulation of the American stock market in the early 2000s helped cause the American recession in 2008 which hurt many people.
- He fought for deregulation of the telecom industry.
- Sometimes if laws get outdated there will be deregulation that will take out the ones that have become obsolete in todays world.
- We must have deregulation for the economy to grow, and for companies to be able to hire the most people.
Meaning of Deregulation & Deregulation Definition