privatization
noun/praɪvətɪˈzeɪʃən/
Frequency rank: #9,871 most common English word
Meaning
The transfer of a business or industry from public (government) ownership to private ownership.
Example sentence
The government announced plans for privatization of the national railway system.
Synonyms & related words
- deregulation
- commercialization
- transfer
- denationalization
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