Deregulation

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Deregulation, strictly speaking is a reduction of government control over an industry. Often the term deregulation is used as a synonym for restructuring (see also reform).

The term is sometimes misused, for example by the supposed "deregulation" in California which added heavily regimented controls leading to a shortage of electricity there in the 1990s under Gov. Brown.

See Also

Sources

http://usinfo.state.gov/products/pubs/oecon/chap12.htm