What is liberalization?
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liberalization
/lɪbrəlʌɪˈzeɪʃ(ə)n/
noun
the removal or loosening of restrictions on something, typically an economic or political system.
"the government's policy of economic liberalization"
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Liberalization (or liberalization) is a process whereby a state lifts restrictions on some private individual activities. Liberalization occurs when something which used to be banned is no longer banned, or when government regulations are relaxed.The removal or loosening of restrictions on something, typically an economic or political system. The one important role of liberalization is to the ease government controls to encourage economic development.
An example is:
- "The government's policy of economic liberalization"
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