MARKETIZATION

Etymology

Noun

marketization (plural marketizations)

The exposure of service industries to market forces.

A restructuring process that enables state enterprises to operate as market-oriented firms by changing the legal environment in which they operate.

Source: Wiktionary



RESET




Word of the Day

2 June 2025

FOOTING

(noun) status with respect to the relations between people or groups; “on good terms with her in-laws”; “on a friendly footing”


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Coffee Trivia

Coffee dates back to the 9th century. Goat herders in Ethiopia noticed their goats seem to be “dancing” after eating berries from a particular shrub. They reported it to the local monastery, and a monk made a drink out of it. The monk found out he felt energized and kept him awake at night. That’s how the first coffee drink was born.

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