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Deregulation
01
the act of freeing from regulation (especially from governmental regulations)
Example
The conservative wing of the party pushed for tax cuts and deregulation.
The deregulation of industries is often a key component of transitioning to a free market economy.
Critics of deregulation warn that it can lead to monopolistic practices and exploitation of consumers if not implemented carefully.
During the 1980s, many savings and loan associations faced financial difficulties due to risky lending practices and deregulation.
Advocates of deregulation believe that reducing government oversight can stimulate economic growth and job creation.
