LIBERALIZATION

liberalization, liberalisation, relaxation

(noun) the act of making less strict

Source: WordNet® 3.1

Etymology

Noun

liberalization (countable and uncountable, plural liberalizations)

The process or act of making more liberal.

(economics) the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities^Wp

Source: Wiktionary

Lib`er*al*i*za"tion, n.

Definition: The act of liberalizing.

Source: Webster’s Unabridged Dictionary 1913 Edition

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