Privatization Meaning in English
word
Definition
The process of transferring ownership of a business, service, or property from the government to private individuals or companies.
Usage & Nuances
Mainly used in business, politics, or economics. Opposite of 'nationalization'. Often appears in debates about public services. Usually uncountable. Common collocations include 'policy of privatization', 'wave of privatization', 'support for privatization'.
Example Sentences
Privatization often changes how services are managed.
basic
There's been a heated debate about the privatization of water supply.
natural
The latest privatization wave affected several state-owned companies at once.
natural
Many countries have started privatization of their railways.
basic
Some people believe privatization makes services more efficient, but others disagree.
natural
The government announced a plan for privatization of hospitals.
basic