deregulation

US /ˌdiː.reɡ.jəˈleɪ.ʃən/
UK /ˌdiː.reɡ.jəˈleɪ.ʃən/
"deregulation" picture
1.

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

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