Meaning of the word deregulate in English

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

deregulate

US /ˌdiːˈreɡ.jə.leɪt/
UK /ˌdiːˈreɡ.jə.leɪt/
"deregulate" picture

Verb

1.

remove regulations or controls from (a public service, industry, etc.)

Example:
The government decided to deregulate the airline industry.
Many argue that deregulating financial markets led to the crisis.
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