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to deregulate
01
to remove or reduce regulations or restrictions on a particular industry or activity
Example
The government decided to deregulate the telecommunications industry to promote competition and innovation.
The airline industry experienced significant changes after being deregulated in the 1980s, leading to lower fares and increased competition among carriers.
Some argue that deregulating certain sectors of the economy can lead to increased efficiency and lower prices for consumers.
Republican lawmakers introduced legislation aimed at deregulating the energy industry.
The Republican Party's platform emphasizes reducing taxes and deregulating industries to boost economic growth.
