Definition of marketize in US English:

marketize

(British marketise)

verb

[with object]
  • 1Expose (an industry or service) to market forces.

    ‘a global move to marketize higher education’
    1. 1.1 Convert (a national economy) from a planned economy to a market economy.
      ‘increasingly bold attempts to marketize the economy’

Pronunciation

marketize

/ˈmärkəˌtīz//ˈmɑrkəˌtaɪz/