Meaning of the word liberalization in English

What does liberalization mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

liberalization

US /ˌlɪb.ər.əl.əˈzeɪ.ʃən/
UK /ˌlɪb.ər.əl.aɪˈzeɪ.ʃən/

Noun

the act of making laws, systems, or opinions less strict

Example:
The government announced the liberalization of trade policies.
There has been a gradual liberalization of censorship laws.