DEREGULATION Meaning and
Definition
-
Deregulation refers to the process of reducing or eliminating government-imposed regulations, restrictions, and controls within a specific industry or market. It involves the removal of laws and rules that limit the activities or operations of businesses, aiming to foster increased competition and market efficiency.
When a government decides to deregulate, it typically intends to promote economic growth, enhance innovation, and provide greater flexibility for businesses to operate. By reducing bureaucratic barriers and intervention, deregulation grants companies more autonomy and freedom to make decisions regarding pricing, production, and investment.
Deregulation can explicitly involve the removal of specific regulations that govern various aspects of an industry, such as entry barriers, price controls, licensing requirements, and consumer protection measures. It can also encompass the reduction or elimination of agencies created to oversee and enforce regulations.
Advocates of deregulation often argue that it stimulates economic growth by encouraging entrepreneurship, fostering competition, and attracting investment. Proponents also contend that it can lower prices and increase product choice and quality for consumers. However, critics argue that deregulation may sometimes lead to negative consequences, such as reduced safety standards, environmental damage, or exploitation of workers. They emphasize the importance of finding the right balance between regulation and freedom to ensure appropriate protection of public interests.
Overall, deregulation refers to the process of reducing government control and interference in an industry or market, allowing businesses increased autonomy and aiming to promote competition and market efficiency.
Top Common Misspellings for DEREGULATION *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for DEREGULATION
Etymology of DEREGULATION
The word "deregulation" is derived from the combination of two English terms: "de-" and "regulation".
The prefix "de-" is derived from Latin and typically indicates reversal or removal, suggesting a negation or undoing of something. In this context, "de-" suggests the reversal or removal of regulations.
The noun "regulation" has a Middle English origin and is derived from the Latin word "regulare", meaning "to control" or "to rule". It refers to the act of making rules or laws to govern or control a particular activity, industry, or practice.
Therefore, "deregulation" can be understood as the process or act of reversing or removing regulations, usually in reference to the reduction or elimination of government-imposed rules that govern an industry, market, or specific business practices.
Similar spelling words for DEREGULATION
Infographic
Add the infographic to your website:
