0 to remove official control on something, especially prices and businesses:
Prices have been decontrolled and markets are flourishing.
1 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.
2 the act of removing the laws or rules which control something, especially prices and financial markets:
In addition, states could threaten to withdraw or unilaterally decontrol items to prompt a substantive change.
Thus, after about four years of decontrol (1953-57), various measures of control were reintroduced to manage the country's food economy.
During the periods of decontrol, they had complete freedom in running their business.
Conservative attempts at decontrol were, given electoral sensitivities, inevitably limited (and in important respects botched).
The act also empowered the minister to extend decontrol, with parliament's approval, by periodically lowering the rateable value limits as the housing shortage eased.
His prevarication over decontrol and his denial that the rent bill should establish market conditions in rented housing seemed to deny its underlying purpose.
Among the most significant reforms were massive exchange rate devaluation and decontrol of food marketing and pricing, particularly for rice, the staple crop.
I have always believed that, despite all the risks, there ought to be an immediate block decontrol.
