English / word
privatization
noun C1MEANING IN ENGLISH
The transfer of a business, industry, or service from public to private ownership and control.
In context
01
The privatization of state-owned companies increased efficiency.
02
The privatization of industries has led to increased efficiency.
Synonyms
denationalization,commercialization,deregulation
Antonyms
nationalization,public ownership,socialization
Collocations
privatization of state-owned enterprises,privatization program,wave of privatization