privatization — the transfer of ownership, property, or business from the government to the private sector
Part of speech: NOUN
Definition: the transfer of ownership, property, or business from the government to the private sector
Pronunciation (IPA): /ˌpraɪvətəˈzeɪʃən/
Example Sentences
- The privatization of the postal service meant my mailman could finally wear Hawaiian shirts instead of boring uniforms.
- Many economists support privatization as a way to increase market efficiency.
- The privatization of healthcare remains a controversial topic in many countries.
privatization
NOUN[/ˌpraɪvətəˈzeɪʃən/]
the transfer of ownership, property, or business from the government to the private sector
The city's water system underwent privatization, shifting from public hands to a private company.
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🎤Pronunciation
🌳Etymology
Origin
The word derives from Latin 'privatus' (private, individual), which entered English as 'private'. The term evolved in modern English through the addition of the verbal suffix '-ize' (to make or become) and the nominal suffix '-ation' (process or result), creating a word denoting the process of converting public assets or services to private ownership or control.
Breakdown
privatus (Latin: private, individual) + -ize (verbal suffix: to make or cause to become) + -ation (nominal suffix: process or condition of).
🎵Rhyme
🔗Collocations
📝Examples
“The privatization of the postal service meant my mailman could finally wear Hawaiian shirts instead of boring uniforms.”
“Many economists support privatization as a way to increase market efficiency.”
“The privatization of healthcare remains a controversial topic in many countries.”
“After privatization, the train company started serving gourmet coffee instead of instant coffee that tasted like dishwater.”
📚Related Words
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