Define: Deregulation

UK Accounting Glossary

Definition: Deregulation



What is the dictionary definition of Deregulation?

Dictionary Definition


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


Advertisement



Full Definition of Deregulation


Deregulation is an act by which the government regulation of a particular industry is reduced or eliminated in order to create and foster a more efficient marketplace. Deregulation is usually enacted to weaken government influence and forge greater competition. By this token, deregulation also creates an economic environment favourable to upstart companies that were unable to enter the industry prior to the passing of deregulation. It is also widely held that deregulation often serves as a catalyst for increased innovation and mergers among weaker competitors. Deregulation is often driven by lobbyists and lobbying groups that represent various industries and business interests. Industries that have undergone deregulation include communications, banking, securities, transportation, as well as power and utility. Although deregulation might purge government influence altogether, some government oversight usually remains.


Advertisement



Examples of Deregulation in a sentence


Some say the airline industry has not been profitable since Ronald Reagan began deregulation.



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/deregulation/
Modern Language Association (MLA):
Deregulation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 26, 2020 https://payrollheaven.com/define/deregulation/.
Chicago Manual of Style (CMS):
Deregulation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/deregulation/ (accessed: February 26, 2020).
American Psychological Association (APA):
Deregulation. PayrollHeaven.com. Retrieved February 26, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/deregulation/

Definition Sources


Definitions for Deregulation are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 9th February 2020.