Meaning of the word decontrol in English

What does decontrol mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

decontrol

US /ˌdiː.kənˈtroʊl/
UK /ˌdiː.kənˈtroʊl/

Verb

1.

to remove official control on something, especially prices and businesses:

Example:
Prices have been decontrolled and markets are flourishing.

Noun

1.

the act of removing the laws or rules which control something, especially prices and financial markets:

Example:
This move was inspired partly by an impending decontrol of tea imports.
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