deregulation
🇺🇸
/ˌdiːˌreɡjuˈleɪʃn/
🇬🇧
/ˌdiːˌreɡjuˈleɪʃn/
the act of removing government rules from an industry or business
The airline industry saw lower prices after deregulation allowed more competition.
航空业在放松管制允许更多竞争后价格下降。