deregulation
UK: diːˌrɛɡjʊˈleɪʃən | US: diːˌrɛɡjəˈleɪʃən
n. the act or process of removing government regulations or restrictions, especially in economic or industrial sectors.
The word "deregulation" combines the prefix "de-" (from Latin, meaning "remove" or "reverse") with "regulation" (from Latin "regula," meaning "rule"). The suffix "-ion" turns the verb "regulate" into a noun. Historically, "regulation" emerged in the 17th century to describe systematic control, while "deregulation" gained prominence in the 20th century with the rise of economic liberalization, reflecting a deliberate reversal of state-imposed rules.
The airline industry experienced significant growth after deregulation in the 1980s.
Critics argue that deregulation of financial markets can lead to instability.
The government announced plans for further deregulation to boost small businesses.
Environmental groups oppose deregulation of pollution controls.
Deregulation often sparks debates about consumer protection versus economic freedom.