Decontrol

/ˌdiːkənˈtroʊl/ verb

Definition

To remove restrictions or governmental control from something, especially prices or markets; to set free from regulation.

Etymology

From prefix 'de-' (to remove) + 'control' (from Old French 'contrerolle', meaning to check against). Became prominent in 20th-century economics and politics when governments began removing price controls and regulations.

Kelly Says

When governments decontrol prices in struggling economies, the results can be dramatic and unpredictable—prices might soar, creating public outrage, or they might stabilize as supply and demand find their natural balance.

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