An example of deregulation is when a government reduces rules and regulations in a particular industry, allowing companies more freedom.
Imagine you have a big box full of rules and guidelines that you need to follow every day. Now imagine someone opens the box and pulls out some of those rules, so you can do things more easily. That's kind of what happens with deregulation - it's when the government takes away some of the strict rules in a certain area, like finance or transportation, giving businesses more space to operate freely.
The process of removing constraints, especially government-imposed economic regulation.
Example: Some say the airline industry has been profitable since the government began deregulation of it.
