Price deregulation

Price deregulation refers to the process of removing government controls on the prices of goods and services. When prices are deregulated, the market largely determines them based on supply and demand, allowing for more competition. This can lead to lower prices and more options for consumers, but it may also result in price increases if demand outstrips supply. The goal of deregulation is to promote efficiency and innovation, but it can also raise concerns about monopolies or unfair pricing, especially in essential services like utilities or healthcare.