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deregulation
(redirected from Deregulation in the United States)

   Also found in: Financial, Wikipedia 0.04 sec.

deregulation

Action to abolish or reduce government controls and supervision over private economic activities, as with the deregulation of the US airline industry in 1978. Its purpose is to improve competition. Increased competition had the effect, in some areas, of driving smaller companies out of business. A tremendous increase in mergers, acquisitions, and bankruptcies followed deregulation as the stronger companies consumed the weaker. A wider array of services and lower prices in some industries also have resulted; see also monetarism; privatization.


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The Big Bang evolution in Japan and deregulation in the United States are enabling financial-services convergence in the world's two largest insurance markets.
Said William Kriegel, Chairman, Chief Executive Officer and President of Sithe, "Boston Edison deserves congratulations for being among the leaders in the utility industry and for becoming a model for electricity deregulation in the United States.
Based both on the product's success and the advent of telecommunications deregulation in the United States, CableData's Intelecable has been made generally available to the North American market.
 
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