Liberalisation is a political philosophy that supports a reduced government role in the economy. It believes that markets should, as far as possible, be left to the forces of supply and demand.

Reducing the role of government in an economy leaving it to market forces. Liberalisation is the progression towards a system of free trade. A political philosophy that says market forces should, as far as possible, be unregulated with minimal interference by governments.

Opening up of markets to competition.

The process of allowing competition in electricity production and retail so that consumers can have choices in buying electricity.

Opening of the mail market to competition.

An economic policy or process that removes governments from interfering with and regulating economic transactions.

the act of making less strict

Same as liberalization.