What does relegation mean in the Premier League?

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Tags

1. #teams
2. #premier
3. #relegated
4. #relegation
5. #levels
6. #level
7. #champions
8. #bottom
9. #three
10. #promotion
11. #gaining
12. #compete
13. #national
14. #winner
15. #eight
16. #promoted
17. #league
18. #second
19. #rules
20. #playoffs