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liberalización

liberalization

noun lee-beh-rah-lee-sah-SYOHN Less Common

Usage Note

Liberalización refers to the process of removing state controls — typically in economics (liberalización del mercado, market liberalization) or trade. It is a formal, policy-register word. The verb is liberalizar, and the related noun liberalismo refers to the ideology rather than the process.

Examples

"La liberalización del comercio benefició a varios países."

Natural Translation

The liberalization of trade benefited several countries.

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