Meaning of the word deregulatory in English

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

deregulatory

US /diˈreɡjələtɔri/
UK /ˌdiːreɡjʊˈleɪtəri/
"deregulatory" picture

Adjective

relating to the removal or reduction of regulations or controls, especially in a particular industry or economic sector

Example:
The government introduced deregulatory policies to boost economic growth.
There is a strong push for deregulatory reforms in the financial sector.