noun
marketization; transition to a market economy
Refers to the process of reforming an economy to operate on market principles, often used in economic and political discourse.
中国の市場経済化は急速に進んだ。
China's transition to a market economy progressed rapidly.
市場経済化政策の影響を分析する。
Analyze the effects of market-oriented economic reform policies.
Compound of 市場 (market) + 経済 (economy) + 化 (-ization). A straightforward modern coinage reflecting economic terminology.