The process of making something freer by reducing regulations or restrictions (liberalization), often used for markets, industries, or policies.
通信業界の規制が自由化され、競争が激しくなった。
Regulations in the telecom industry were liberalized, and competition intensified.
市場の自由化は消費者にとってメリットもデメリットもある。
Market liberalization has both advantages and disadvantages for consumers.
貿易の自由化により輸入品が増えた。
Trade liberalization led to an increase in imports.