Decontrol

Definitions

The removal of controls.

countable, uncountable

Equivalents

Examples

“The shortfall caused by the disruption in Iran amounted to only 5 percent of our normal imports. Despite this limited cutback, the oil industry seized upon the Iranian situation as its “Gulf of Tonkin” to justify⟳ its campaign, which your editorial now supports, for decontrols, higher prices and higher profits. Clearly, the gasoline shortage in 1979 was not an act of God.”

“The Administration's accelerated decontrol program⟳ also comes at great expense to consumers. It provides an immediate 1 percent increase⟳ in inflation, and by the end⟳ of fiscal 1981 it will have⟳ added $11.7 billion to the price of oil products.”

CEFR level