deregulation

  

Definition

Revision, reduction, or elimination of laws and regulations that hinder free competition in supply of goods and services, thus allowing market forces to drive the economy. Deregulation, however, doesn't mean no control or laissez faire.

Use deregulation in a sentence

  • The deregulation of the American stock market in the early 2000's helped cause the American recession in 2008 which hurt many people.

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  • Sometimes if laws get outdated there will be deregulation that will take out the ones that have become obsolete in todays world.

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  • We must have deregulation for the economy to grow, and for companies to be able to hire the most people.

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