Deregulation
The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Investopedia Says:
Traditional areas that have been deregulated are the telephone and airline industries. In the late 1990s and early 2000s the utility industry (power companies) in North America started to deregulate. Related Terms:
Big Bang
Capitalism
Economy
Invisible Hand
Keynesian Economics
Laissez Faire
Perfect Competition |