Relating to or promoting the removal of government regulations; describing policies or actions intended to reduce regulatory controls.
From 'deregulation' plus the suffix '-ory' (characterized by or relating to), following standard English adjective formation for policy descriptors.
Politicians love the term 'deregulatory' because it sounds pro-business and forward-thinking, but it masks what's actually being deregulated—environmental rules versus paperwork reduction are very different things.
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