Also means
to deregulate
Usage Note
Liberalizar means to make something freer or less restricted, especially markets, trade, or regulations — liberalizar el mercado energético (to liberalize the energy market). It is primarily an economic and political term. The derived noun is liberalización, and the agent noun is liberalizador/liberalizadora.
Examples
"El gobierno decidió liberalizar el comercio exterior."
Natural Translation
The government decided to liberalize foreign trade.

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