What does "marketize" mean?

To convert to management by open-market principles.

Marketize

Common synonyms include: commercialize, commercialized, decommunalized, more privatized, privatized, westernizing.

verb

verb ·Rare ·Advanced level

Verb

1
To convert to management by open-market principles.
"Marketizing many traditional public services has met both success and failure."
2
To bring to market.
""You have technology in [Chinese] universities, but people don't know what to do with it— how to marketize it.""

"Marketizing many traditional public services has met both success and failure."

From market + -ize.