reform
/rɪˈfɔːm/ noun [C or U]Definition
› an improvement or set of improvements made to a system, law, organization, etc. in order to make it more modern or effective: reform of sth Essential reform of the banking sector is under way.reforms in sth He has called for reforms in the retirement system for years.banking/economic/tax reform Corporate tax reform has left companies uncertain about future tax bills. Market reforms have opened the doors to greater competition. fundamental/major/radical reforms
(Definition of reform noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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