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What does deregulation mean?

Looking for the meaning or definition of the word deregulation? Here's what it means.

Noun
  1. The process of removing constraints, especially government-imposed economic regulation.
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The successful lobbying for deregulation of the electricity supply in California has had baleful consequences that hardly merit repeating.
Would you suggest that we liberalize our markets like the electricity deregulation in California?
For reacquainting me with that pleasure, I want to thank everyone who pushed for deregulation, privatization and free trade in electricity.
Energy deregulation resulted from lobbying by executives and backhanders paid to politicians.
For example, deregulation is giving facilities the incentive to flatten electrical loads.
Banking deregulation, for example, did cause banks to rethink, retarget, and reprice products.

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