Deregulation

Definition

Deregulation refers to the reduction or removal of government regulations and restrictions on industries and businesses, allowing for more competition and market freedom. This often leads to less governmental oversight in sectors such as finance, telecommunications, and transportation.

Related terms

Privatization: The transfer of ownership or control of government-owned assets or services to private entities.

Monopoly: A situation where a single company dominates an entire industry with no or limited competition.

Laissez-faire: An economic ideology that advocates minimal government intervention in the economy, promoting free market principles.