Meaning & use
Liberalization
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The process of making laws, policies, or economic systems less restrictive, typically by reducing government control or regulation.
See it in a sentence
The liberalization of the banking sector attracted a wave of foreign investment.
Trade liberalization lowered prices for consumers but hurt some domestic manufacturers.
A note on using this word
This is the noun form of "liberalize" and appears frequently in economics and political science literature about market reform.
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