Deregulation facts for kids
Deregulation is the process of removing or lowering state regulations, usually for economic purposes. It is the reversing of governmental regulation of the economy. It became widely used in industrial economies in the 1970s and 1980s, as a result of new forms in economic thinking.
Economic regulations were promoted during the Gilded Age, in which progressive reforms were seen as important to make sure companies do not abuse labor laws.
Images for kids
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As a result of deregulation, Orange operates France Telecom-branded phone booths in Wellington, New Zealand.
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Since the deregulation of the postal sector, different postal operators can install mail collection boxes in New Zealand's streets.
See also
In Spanish: Desregulación para niños
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Deregulation Facts for Kids. Kiddle Encyclopedia.