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marketization

marketization

1 7.4
The process of making services and companies compete and become privately owned
  • noun
  • /ˌmɑrkɪtəˈzeɪʃən/
  • Specialized
translation icon : mercantilización
  • The marketization of public services has led to increased competition and improved efficiency.
  • marketization and privatization
  • marketization and democratization
  • marketization of the economy

Examples

  • In many countries, the marketization of education has resulted in more options for students and parents.

  • Policies aimed at marketization often emphasize private ownership as a way to stimulate economic growth.

  • The relationship between efficiency and equality is a central issue in marketization.

    Academic text (1997)
  • After all, one must remember that, to begin with, globalization is about the increasing "marketization" of the world.

    Academic text (2008)
  • For example, the goals of marketization and sustainable development are contradictory at times.

    Academic text (1997)
  • For instance, ownership reforms may ultimately be a decisive step in marketization.

    Academic text (1997)
  • Global economic integration and the increasing "marketization" of society accentuate this role even further.

    Academic text (2008)
  • In the former centrally planned economies, however, marketization was also a political process.

    Academic text (1997)
  • Eventually, Liberal electoral successes and Conservative losses gave increased weight to the marketization strategy.

    Academic text (1996)
  • Meanwhile, measures providing for the marketization of public enterprises, including extensive deregulation, are being pursued.

    Academic text (1992)

Synonyms

privatization
vsmarketization
  • US
61 6.7

Selling a public company or service to private owners

promotes competition and market rules beyond mere ownership transfer
commercialization
vsmarketization
  • US
14 6.3

Making something into a product or service to sell and earn money

promotes market rules and wider competition rather than only profit
commodification
vsmarketization
  • Specialized
3 8.4

To make ideas, services, or relationships into things people can buy

applies market principles more broadly rather than only making things sellable
denationalization
vsmarketization
  • Specialized
8.7

A process in which the government sells a business or service to private owners

covers introducing market principles generally not only removing state ownership

Antonyms

1 7.5

A system that puts most political power in one government

How Market-Oriented

free market policy
  • Formal
1 4.1
market economy
  • Specialized
93 3.0
marketization
  • Specialized
1 7.4
mixed economy
  • Specialized
2 4.1

Surface Forms

marketization singular

Morphology

marketization = marketize (transparent) = market + ize + ation

The verb 'marketize' is a straightforward formation from 'market' + '-ize', and 'marketization' is the regular noun-forming suffix '-ation' denoting the process.

Etymology

Marketization comes from the simple word market, a place to 'buy and sell', plus the endings -ize meaning 'to make' and -ation meaning 'the process'. So marketization is the process of 'making' something part of a market or making it available for sale.