marketization

Noun

Meaning

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.

Examples

This marketization of personal information is a big mistake. Evgeny Morozov

The comprehensive and wide-ranging reforms created political differences over the pace of marketization and the control over the ideology that came with it, opening a deep chasm within the central leadership. Source: Internet

“Re-nationalizing China’s film industry: case study on the China Film Group and film marketization.” Source: Internet

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