Meaning of the word decontrol in English

What does decontrol mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

decontrol

US /ˌdiː.kənˈtroʊl/
UK /ˌdiː.kənˈtrəʊl/

Verb

to remove government controls from something

Example:
The government decided to decontrol rents in the city.
The industry was gradually decontrolled over several years.