Liberalization refers to the process of reducing government restrictions and regulations in various sectors, such as the economy, trade, and social policies. This often involves opening markets to competition, allowing for greater freedom in business operations, and encouraging foreign investment. The goal is to promote efficiency, innovation, and consumer choice. In the context of international trade, liberalization can lead to the removal of tariffs and quotas, making it easier for countries to exchange goods and services. This can enhance economic growth and improve relationships between nations, as seen in agreements like the North American Free Trade Agreement (NAFTA) or the European Union (EU) single market.