privatisation
noun/praɪvətɪˈzeɪʃən/
Frequency rank: #11,785 of 20,003 in the WORDED list (wordfreq data)
Meaning
the process of transferring a business or industry from public (government) ownership to private ownership.
Example sentence
The government announced the privatisation of the national railway system last year.
Synonyms & related words
- deregulation
- commercialization
- transfer
- denationalization
More words in ranks 11,701–11,800
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