Deregulation: meaning, definitions and examples
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deregulation
[ diːˌrɛɡjʊˈleɪʃən ]
economic policy
The process of removing or reducing government regulations on an industry or sector, allowing for more competition, lower prices, and innovation.
Synonyms
dismantling regulations, liberalization, privatization
Examples of usage
- Deregulation of the telecommunications industry led to lower prices for consumers.
- Many argue that deregulation of the energy sector will result in increased efficiency and lower costs.
aviation industry
The elimination or reduction of government restrictions on airlines, such as price controls or route assignments.
Synonyms
liberalization, open skies policy
Examples of usage
- Deregulation of the aviation industry in the 1970s led to increased competition and lower airfares.
- After deregulation, airlines were able to offer more routes and services to passengers.
Translations
Translations of the word "deregulation" in other languages:
🇵🇹 desregulamentação
🇮🇳 नियमों की समाप्ति
🇩🇪 Deregulierung
🇮🇩 deregulasi
🇺🇦 дерегуляція
🇵🇱 deregulacja
🇯🇵 規制緩和 (きせいかんわ)
🇫🇷 déréglementation
🇪🇸 desregulación
🇹🇷 deregülasyon
🇰🇷 규제 완화 (gyuje wanha)
🇸🇦 تحرير (tahrir)
🇨🇿 deregulace
🇸🇰 deregulácia
🇨🇳 放松管制 (fàngsōng guǎnzhì)
🇸🇮 deregulacija
🇮🇸 afregluvæðing
🇰🇿 дерегуляция
🇬🇪 დერეგულაცია (deregulatsia)
🇦🇿 deregulyasiya
🇲🇽 desregulación
Word origin
The concept of deregulation gained prominence in the late 20th century as a response to the perceived inefficiencies and limitations of government intervention in various industries. It was believed that by removing restrictions and allowing market forces to operate freely, industries would become more competitive and efficient. Deregulation has been a topic of debate, with proponents arguing for increased innovation and consumer choice, while critics raise concerns about reduced safety standards and potential monopolistic practices.