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mod‧ern‧ize also modernise British English
1 [transitive] to make something such as a system or building more modern : 
They need more funds to modernize the country's telephone system.a tastefully modernized old farmhouse
They need more funds to modernize the country's telephone system.a tastefully modernized old farmhouse2 [intransitive] to start using more modern methods and equipment : The business will lose money if it doesn't modernize.
The business will lose money if it doesn't modernize. —modernizer noun [countable] the conflict between the modernizers and the conservatives
the conflict between the modernizers and the conservatives —modernization noun [uncountable and countable] the modernization of the railway system
noun [uncountable and countable] the modernization of the railway system