marketization Syllabification: (mar·ket·i·za·tion)Pronunciation: /ˌmärkitəˈzāSHən/Definition of marketization noun the exposure of an industry or service to market forces. the conversion of a national economy from a planned to a market economy:the marketization of the Russian economyDerivatives marketizePronunciation: /ˈmärkiˌtīz/ verb marketization in other Oxford dictionaries Definition of marketization in the British & World English dictionary