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privatization

Meaning in simple English, pronunciation and examples

Pronunciation: US /ˌpraɪvətəˈzeɪʃən/ · UK /ˌpraɪvətaɪˈzeɪʃən/

privatization means: The process of moving a company or service from government ownership to private ownership.

noun

PRIVATE OWNERSHIP TRANSFERB2

The process of moving a company or service from government ownership to private ownership.

  • The government announced a privatization plan.
  • Privatization changed who owned the railway company.
  • Many workers protested against the privatization of public services.

How to use it: privatization of something (Workers opposed the privatization of the postal service.)

Similar words: denationalization

Opposites: nationalization

Common phrases: privatization of something, railway privatization, privatization program

Questions about privatization

What does privatization mean?

The process of moving a company or service from government ownership to private ownership.

What is privatization in other languages?

Türkçe: özelleştirme · Español: privatización · Français: privatisation · Deutsch: Privatisierung · Italiano: privatizzazione · 日本語: 民営化

How do you pronounce privatization?

In American English /ˌpraɪvətəˈzeɪʃən/; in British English /ˌpraɪvətaɪˈzeɪʃən/.

How do you use privatization in a sentence?

The government announced a privatization plan. Privatization changed who owned the railway company.

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privatization in other languages

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