Concept information
Preferred term
marketization
Definition
- Marketization involves introducing competition into the public sector in areas previously governed through direct public control. In its broadest usage, marketization refers to the process of transforming an entire economy away from a planned economic system and toward greater market-based organization. [Source: Encyclopedia of Governance; Marketization]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/marketization
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