1. the process of making laws, rules, or policies less strict or more permissive
Usage: often used in political and social contexts
2. the process of reducing government control over an industry or market to increase competition and economic freedom
Usage: commonly used in economics and trade policy

Examples

• The liberalization of trade agreements has increased commerce between the two countries.
• Recent liberalization of immigration laws has made it easier for skilled workers to obtain visas.
• The government's liberalization of media regulations allowed more independent news outlets to operate.
• Economic liberalization in the 1990s transformed the country's market structure.
• Liberalization of divorce laws gave people more freedom to end their marriages.
• The airline industry underwent significant liberalization, leading to lower fares and more competition.