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liberalizzazione

liberalization

noun lee-beh-rah-leed-dzah-TSYOH-neh Rare

Usage Note

Liberalizzazione denotes the process of freeing a market or sector from state regulation, a key term in Italian economic and political debate. It is often paired with privatizzazione (privatization) but the two are distinct: liberalization opens a market to competition, privatization transfers ownership. Plural: liberalizzazioni.

Examples

"La liberalizzazione del mercato energetico è in corso."

Natural Translation

The liberalization of the energy market is underway.

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