liberalization
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liberalization
The process in which government regulations, laws, or social norms are loosened or dismantled in order to allow more freedom and less control. This often affects the economy, trade, or social issues.
Die Liberalisierung des Strommarktes führte zu mehr Wettbewerb.
The liberalization of the electricity market led to more competition.
The noun ends in '-ung', which is typical for nouns derived from a verb. The related verb is 'liberalisieren' (to liberalize), which means 'to make something more liberal'.
Viele Politiker fordern, die Gesetze weiter zu liberalisieren.
Many politicians are calling for the laws to be liberalized further.
To specify what is being liberalized, you usually use the genitive or the preposition 'von' (of). The genitive form is more common in written language.
Die Liberalisierung des Arbeitsmarktes ist ein kontroverses Thema.
The liberalization of the labor market is a controversial topic.
The word 'Liberalisierung' (liberalization) belongs to formal language and is used mainly in political, economic, or academic discussions.
In der Zeitung wurde ein langer Artikel über die Liberalisierung im Telekommunikationssektor veröffentlicht.
A long article about liberalization in the telecommunications sector was published in the newspaper.
opening
The Öffnung of a market emphasizes that new participants gain access. Liberalisierung puts more emphasis on government rules or controls being relaxed. Use Öffnung when the focus is on new access, and Liberalisierung when the change in the rules is meant.
Die Liberalisierung des Marktes lockerte die bisherigen staatlichen Regeln für Unternehmen.
The liberalization of the market relaxed the existing government rules for businesses.
Die Öffnung des Marktes gab auch kleinen Unternehmen Zugang zu neuen Kunden.
Opening up the market gave small businesses access to new customers as well.
