deregulation

noun
de·reg·u·la·tion | \ (ˌ)dē-ˌre-gyə-ˈlā-shən \

Definition of deregulation 

: the act or process of removing restrictions and regulations

Keep scrolling for more

Other words from deregulation

deregulate \(ˌ)dē-ˈre-gyə-ˌlāt \ transitive verb

Examples of deregulation in a Sentence

Recent Examples on the Web

Those hopes have yet to be borne out in the Trump era, in which the EPA has taken a sharp turn toward deregulation. Eli Rosenberg, chicagotribune.com, "Asbestos sold by Russian company is branded with Trump's face," 11 July 2018 More charter schools, more school vouchers, fewer protections for marginalized students (e.g. students with disabilities), and the deregulation and privatization of teacher certification. Valerie Strauss, Washington Post, "Who wins the annual Forbes’ “30 Under 30” education awards? New study details telling links between judges and winners," 3 July 2018 During the 2016 presidential campaign, Donald Trump pledged to double the growth rates with a program of tax cuts, deregulation and tougher enforcement of U.S. trade laws. Martin Crutsinger, USA TODAY, "IMF: Tax cuts boosting US now but will hurt growth later," 14 June 2018 On tax, deregulation and trade, however, Congress and the administration have had an impact. The Economist, "Business in the Republicans’ America is flourishing, but also changing," 24 May 2018 On areas of agreement with the president — from tax cuts to deregulation and judicial nominations — the leaders of the network now go out of their way to heap praise on Trump. Tory Newmyer, Washington Post, "The Finance 202: Will Trump's Davos glow extend to Washington?," 29 Jan. 2018 Andrew Wheeler, the deputy EPA administrator who is taking over as acting head of the agency, shares Pruitt's zeal for deregulation as does President Donald Trump. Ledyard King, USA TODAY, "7 ways Scott Pruitt's legacy at EPA will live on," 6 July 2018 This is a story that’s truly remarkable and Donald J. Trump has brought in tax cuts, deregulation and trade policies that are working for the American working people. Glenn Kessler, Washington Post, "Did Trump’s aluminium tariffs spark a $1.5 billion plant in Kentucky?," 7 June 2018 Businesses’ approval of the tax cuts and deregulation was mirrored in the stock market, which soared to record highs at the start of the year. Mark Zandi, Philly.com, "Corporate America loved Trump tax cuts, but the love affair may end," 25 May 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'deregulation.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

See More

First Known Use of deregulation

1963, in the meaning defined above

Keep scrolling for more

Learn More about deregulation

Share deregulation

Statistics for deregulation

Last Updated

1 Sep 2018

Look-up Popularity

Time Traveler for deregulation

The first known use of deregulation was in 1963

See more words from the same year

Keep scrolling for more

More Definitions for deregulation

deregulation

noun

Financial Definition of deregulation

What It Is

Deregulation occurs when there is a significant decrease or elimination of government regulation over an industry, market, or economy.

How It Works

The transportation industry is one of the most famous industries to feel the effects of deregulation. In 1887, Congress established the Interstate Commerce Commission (ICC), which regulated the railroad industry. Over time, the ICC came to regulate the trucking industry as well. The ICC licensed all truck operators, and it required new entrants to prove they were "necessary for the public convenience" in order to obtain licenses. The ICC allowed established shippers to argue whether the ICC should deny a license to a new entrant. The ICC also reviewed shipping rates, dictated what products the carriers could haul, what routes they could travel, and the cities they could do business in.

The inefficiency imposed by regulation and its focus on helping companies more than consumers became very apparent once the Motor Carrier Act of 1980 deregulated the trucking industry. The number of carriers nearly doubled in the four years after the legislation, freight rates fell as much as 20% in one year, overall industry wages fell, and many inefficient companies went out of business.

A similar situation occurred in the airline industry, which was regulated by the Civil Aeronautics Board (CAB) until 1978. Like the ICC, the CAB issued licenses, set fares, and regulated where carriers did business. The Airline Deregulation Act of 1978 eliminated these constraints, and the airline industry quickly expanded in employment, miles flown, and number of passengers.

Why It Matters

Like most economic policy, deregulation is controversial. Most economists agree that deregulation lowers an industry's barriers to entry and generally increases efficiency, competition, entrepreneurship, and innovation. Established producers have less control over competitors in a deregulated environment. Deregulation also benefits the broader economy because it no longer requires taxpayers to support the regulatory agency's overhead.

Overall, deregulation tends to increase choices and lower prices for consumers. In some cases, however, deregulation can be damaging to consumers, especially when natural monopolies are involved (such as electric utilities or other situations with immense infrastructure or technical needs). Some also point out that the elimination of weaker competitors in a deregulated environment means the loss of jobs.

Source: Investing Answers

Keep scrolling for more

More from Merriam-Webster on deregulation

Spanish Central: Translation of deregulation

Nglish: Translation of deregulation for Spanish Speakers

Britannica.com: Encyclopedia article about deregulation

Comments on deregulation

What made you want to look up deregulation? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

an open space surrounded by woods

Get Word of the Day daily email!

Test Your Vocabulary

Name that Food Quiz

How Strong Is Your Vocabulary?

Test your vocabulary with our 10-question quiz!

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!