economic deregulation
noun[U]
ECONOMICS,POLITICSukustheprocessofremovinggovernmentcontrolsorrulesfrom a country'seconomyor from aparticularindustry:
Hehopedtotransformthecountryinto aglobalshowcasefor thebenefitsofeconomicderegulation.
Economicderegulationofthebanksliftedrestraints on themonopolieswhichdominatethefinancialsystem.