commercial reform

language: en

definitions

  1. The process of modifying laws, regulations, or institutional frameworks governing trade and business to improve market efficiency, transparency, or fairness.
    en: The process of modifying laws, regulations, or institutional frameworks governing trade and business to improve market efficiency, transparency, or fairness.
  2. The restructuring or modernization of business processes, organizational structures, or operational models within a commercial entity to increase competitiveness or efficiency.
    en: The restructuring or modernization of business processes, organizational structures, or operational models within a commercial entity to increase competitiveness or efficiency.

examples

  1. The government introduced commercial reform to encourage foreign investment.

    The government introduced commercial reform to encourage foreign investment.

  2. The company underwent commercial reform to streamline its supply chain.

    The company underwent commercial reform to streamline its supply chain.