Liberalization

Pronunciation: /ˌlɪˌbɜːrəlɪˈzeɪʃən/

Liberalization (noun)

  1. A process of making laws, rules, or control less strict, so people or businesses have more freedom to act.
  2. Changes that reduce limits on trade or investment, allowing more competition and easier entry for new companies.
  3. A move to allow more open speech or media by removing or reducing restrictions.

Examples

  • Liberalization brings more freedom rules for everyday life.
  • More freedom rules can follow liberalization in many places.