deregulation
This term describes the strategic removal of state-imposed constraints on a market or industry. It carries a strong connotation of economic liberalization, aiming to foster competition and efficiency by shifting control from government agencies to private market forces. As an uncountable noun, it refers to a general policy or a systemic process. It does not typically take a plural form in standard economic discourse, as it describes a conceptual shift in governance rather than a set of individual items.
Meanings
The process of removing or reducing government rules and restrictions on a particular industry or sector of the economy to encourage competition.
"The government announced a policy of deregulation in the telecommunications sector to lower consumer prices."