Deregulation means lifting various restrictions that prevent competition between businesses.
There are many ways to conduct deregulation.
First, reduction or complete removal of government controls over an industry. This will ensure creation of new companies in a certain market.
Second, by acting against monopolies in a specific industry. Breaking down monopolies will ensure industrial competitiveness between businesses.
And third, to allow private companies to compete with government-owned industries. This will improve the quality of public businesses.