What does deregulation mean?
The act of removing or reducing government regulations, especially in a particular industry or sector. This can lead to increased competition and innovation, but also risks to public health and safety.
Example
"The government's decision to deregulate the energy market led to a significant increase in the number of new power plants being built."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.