Meaning of the word deregulation in English

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

deregulation

US /ˌdiː.reɡ.jəˈleɪ.ʃən/
UK /ˌdiː.reɡ.jəˈleɪ.ʃən/
"deregulation" picture

Noun

1.

the process of removing or reducing state regulations, typically in the economic sphere

Example:
The government announced a new policy of deregulation to boost the economy.
Critics argue that excessive deregulation can lead to financial instability.
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