Meaning of “decontrol” in the English Dictionary

"decontrol" in Business English

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decontrolverb [ T ]

uk /ˌdiːkənˈtrəʊl/ us ECONOMICS

to remove the laws or rules which control something, especially prices and financial markets:

The exchange market and capital transfers have been decontrolled, and there are no restrictions on foreign investment.

decontrolnoun [ S or U ]

uk /ˌdiːkənˈtrəʊl/ us

the act of removing the laws or rules which control something, especially prices and financial markets:

This move was inspired partly by an impending decontrol of tea imports.

(Definition of “decontrol” from the Cambridge Business English Dictionary © Cambridge University Press)