Deregulated Meaning: Definition, Examples, and Translations
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deregulated
[หdiหหrษษกjสleษชtษชd ]
Definition
economics, policy
Deregulated refers to a situation in which rules or laws governing a particular industry or market have been relaxed or removed. This can lead to increased competition, but may also result in decreased oversight and potential market failures.
Synonyms
decontrolled, liberalized, unregulated.
Examples of usage
- The airline industry became deregulated in the late 1970s.
- Deregulated markets can lead to innovation.
- Some critics argue that deregulated financial systems caused the economic crisis.
- The government plans to further deregulate telecommunications.
Translations
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Interesting Facts
Economics
- Deregulation often aims to promote competition, which can lead to lower prices and more choices for consumers.
- Industries like telecommunications and airlines underwent major deregulation, allowing new companies to enter the market and innovate.
Political Implications
- Supporters believe deregulation fosters economic growth and consumer benefits, while critics argue it can lead to corporate greed and reduced safety standards.
- Regulatory rollbacks can significantly alter the landscape of various industries, impacting everything from labor rights to environmental protections.
Environmental Impact
- Deregulation in the energy sector can lead to both increased production and environmental risks, as companies may bypass eco-friendly practices.
- The debate over deregulating environmental regulations often centers on balancing economic growth against conservation efforts.
Case Studies
- The U.S. airline industry saw dramatic changes after deregulation in 1978, resulting in fare drops but increased competition and airline consolidation.
- Deregulated financial markets prior to the 2008 crisis demonstrated how reduced oversight can lead to higher risks and financial instability.
Origin of 'deregulated'
Main points about word origin
- The prefix 'de-' means to remove or reverse, while 'regulate' comes from the Latin 'regulare', meaning to control or rule.
- Deregulation emerged as a significant term in the 1970s and 1980s, especially in discussions about government policies and the economy.
The term 'deregulated' stems from the prefix 'de-', indicating removal or reversal, and the word 'regulate', which is derived from the Latin 'regulatus', meaning to direct or control according to rule. The practice of deregulation became prominent in the late 20th century, particularly during the 1980s, as governments aimed to stimulate economic growth by reducing the constraints imposed on industries. This shift was motivated by the belief that less regulation would empower businesses to operate more freely and efficiently, ultimately benefiting consumers through lower prices and more choices. Over time, the concept has garnered both support for its potential benefits and criticism for the risks associated with reduced oversight.