Definition of deregulation
: the act or process of removing restrictions and regulations
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Recent Examples of deregulation from the Web
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The president thinks that he's done a good job, particularly on the deregulation front.
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Two Republican state lawmakers, Sen. Gail Griffin of Hereford and Rep. Rusty Bowers of Mesa, have led the deregulation effort.
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In the meantime, the business class can enjoy Trump’s actual policies: tax cuts and deregulation.
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Trading on his experience in the Reagan White House, Mr Kudlow has built a reputation as a cheerful advocate of tax cuts and deregulation, whatever the economic weather.
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Trump frequently cites the Dow’s record rise over the last year as evidence that his tax cut and deregulation programs are working.
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His chief regulatory officer, Neomi Rao, said the administration would continue the pace of deregulation through 2018, announcing 448 deregulatory actions and 131 regulatory actions.
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This is because nothing is a greater boon to investigative journalism than the kind of soulless, reckless deregulation in which the president* and his henchpeople are becoming expert.
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In that office, Mr. Liddell oversaw a push to modernize the government’s technology systems and worked on deregulation efforts across the administration, according to a White House official.
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.
First Known Use of deregulation
1963
Financial Definition of DEREGULATION
deregulation
What It Is
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
Learn More about deregulation
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Spanish Central: Translation of deregulation Nglish: Translation of deregulation for Spanish speakers Britannica.com: Encyclopedia article about deregulation
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