MEANING
The process of introducing or expanding market exchange and competition in an economy or activity.
Use it for
describing public services reorganized around market competition; analyzing entry into a market economy; distinguishing market reform from advertising; comparing market provision with nonmarket allocationNames introducing market participation and competition into an activity, not simply changing its promotional language. Writing functions: Theory / Conceptual Language.
Words that belong together
- marketization of public services
- marketization of education
- economic marketization
On the page
The study examines marketization in education through changes in funding, competition and institutional incentives.
Marketization need not entail the immediate sale of every publicly owned asset.
Word forms
- Base
- marketization
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Usage notes
Usually uncountable. UK marketisation is a spelling alias. Distinguish marketization from marketing or merely advertising a service. Register: academic. Commonness: moderately common in economics and public policy (qualitative editorial estimate, informed by dictionaries/corpus).
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