Deregulation meaning

The process of reducing the number of laws and rules that apply to an industry in order to allow more innovation and less constraints on companies. Two well-known examples in the United States are the deregulation of the stock brokerage industry in 1975, when brokers were allowed to set their own commission rates, and the deregulation of the telecom industry in 1996.
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The process of removing constraints, especially government-imposed economic regulation.

Some say the airline industry has not been profitable since Ronald Reagan began deregulation.

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Origin of deregulation