marketize
Marketize refers to the process of transforming something that was not previously a market into a market. This often involves introducing commercial principles, competition, and the forces of supply and demand into sectors or activities that were traditionally managed through public provision, non-profit models, or informal arrangements.
The term is frequently used in discussions about privatization, where state-owned enterprises or public services are
Examples of marketization can be found in areas such as education, healthcare, and even social services, where