Decontrol (verb)

To remove control or regulation over a particular thing or activity.

Origin:

The word 'decontrol' is a combination of the prefix 'de-' meaning 'to remove' and the word 'control', meaning 'regulation or restriction'. it is used to describe the removal of controls or regulations over a particular thing or activity.

Examples:

1. The government decided to decontrol the price of gasoline, allowing market forces to dictate its cost.
2. The decision to decontrol the rental market has led to a sharp increase in housing prices in some areas.
3. The decontrol of the banking industry in the 1980s led to increased competition and financial innovation.
4. Many experts believe that the decontrol of the telecommunications industry has been a major factor in the growth of the internet.
5. The decontrol of the foreign exchange market has allowed for greater flexibility in currency trading and exchange.