liberalization in a sentence
n.
📚 Grade Level: Grade 10, Grade 11, Grade 12
Definition
Liberalization is the process of reducing restrictions and regulations, particularly in trade and economic policies, to promote greater openness and competition.
Sample Sentences
- The liberalization of trade policies has significantly boosted the economy.
- Many countries are experiencing a wave of economic liberalization in response to globalization.
- The government's plan for liberalization aims to reduce regulatory burdens on businesses.
- Liberalization of the telecommunications sector has led to increased competition and better services.
- Critics argue that rapid liberalization can exacerbate income inequality and social unrest.