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deregulation |
Also found in: Dictionary/thesaurus, Financial, Wikipedia | 0.04 sec. |
deregulationAction 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| On April 1, state officials announced that the White Plains-based firm had won the largest share of energy contracts in a competition with five other deregulated energy suppliers vying for the state's business. The upshot is that just portions of California's energy industry were deregulated about five years ago, to what is now quite obviously disastrous results. The most recent attempts to freeze electricity rates at pre-restructuring levels have only confirmed their worst fears--it isn't a deregulated market at all, just some hybrid that no one knows how to navigate. |
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deregulated
