🏢privatization

noun
/ˌpraɪvətəˈzeɪʃən/

Meaning

the process of transferring ownership of a business, industry, or service from the public sector to the private sector
The transfer of a business, industry, or service from public to private ownership and control.
The transfer of ownership of an organization or property from government to private sector.

Example Sentences

The privatization of the public transportation system has led to better efficiency.

The privatization of state-owned companies increased efficiency.

The privatization of industries has led to increased efficiency.

Synonyms

privatizing, deregulation, commercialization, private ownership, de-nationalization, Private Ownership, Commercialization, Deregulation
Entry 1
privatizing, deregulation, commercialization
Entry 2
commercialization, private ownership, de-nationalization
Entry 3
Private Ownership, Commercialization, Deregulation

Antonyms

nationalization, public ownership, socialization, Nationalization, Public Ownership, State Control
Entry 1
nationalization, public ownership
Entry 2
nationalization, public ownership, socialization
Entry 3
Nationalization, Public Ownership, State Control

Collocations

privatization of state-owned enterprises, privatization process