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n. The process of removing constraints, especially government-imposed economic regulation.


n. the act of freeing from regulation (especially from governmental regulations) [syn: deregulating]


Deregulation is the process of removing or reducing state regulations, typically in the economic sphere. It is the undoing or repeal of governmental regulation of the economy. It became common in advanced industrial economies in the 1970s and 1980s, as a result of new trends in economic thinking about the inefficiencies of government regulation, and the risk that regulatory agencies would be controlled by the regulated industry to its benefit, and thereby hurt consumers and the wider economy.

Usage examples of "deregulation".

A few years after deregulation, one study found shipping things cost, on average, 2 percent less.

In an effort to differentiate themselves, both polities were early adopters of economic trends such as deregulation, equities, venture capital, entrepreneurship, privatization and hi-tech.

With deregulation, the old world of fixed gas rates was gone, and prices were now dictated by the open market-meaning a cold snap, a shortage, anything could drive them up rapidly.

Long ago she had decided Enron was about the only company putting together a crackerjack strategy for deregulation, and always made sure to keep an eye on its business.

Baby steps toward deregulation were forcing utilities to open their transmission lines to anyone, and Skilling wanted Enron to jump in with both feet.

Skilling and Enron had become the champions of electricity deregulation, arguing that the calcified industry was ready to be shattered by competition.

With deregulation spreading-cutting direct ties between utilities and the users of power-every customer could soon be up for grabs.

A symphony of glass and concrete, the towers are the corporate epicenter for Portland General Electric, a utility that served Oregon and was pushing for the deregulation of electricity.

If Enron was going to be a player, the thought went, it needed such a relationship in the West, where the industry was being shaped by the expectation of deregulation in the giant California market.

The whole idea was based on the inevitability of electricity deregulation, Fastow said.

Then deregulation happens, prices drop, and our contract price will be above the market price.

Basically, Enron would make a massive bet on the timing of deregulation, with losses piling up until new rules came about.

Rube Goldberg, some sort of freak hybrid-a bit of deregulation, a dash of regulation, with a dollop of centralized government on the side.

Sure, Kean said, Enron contributed to California politicians, but so did the utilities, which fought deregulation tooth and nail.

They advocate deregulation of public corporations, lowering taxes, and freeing independent small businesses from state control.