The process of removing or reducing government rules and controls over an industry, usually to increase competition and efficiency.
From *deregulate* plus the noun-forming suffix *-ion*. It keeps the sense of undoing or reducing regulation.
Deregulation often creates winners and losers: prices may fall and innovation may rise, but safety nets or protections can weaken. That’s why it’s one of those technical-sounding words that actually shapes everyday life, from airline tickets to phone bills.
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