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/
Korean meaning: 정부나 공공기관의 소유권·재산·사업을 민간 부문으로 이전하는 것, 민영화
Korean pronunciation: 프라이벗타이**제이**션
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.
🎤Pronunciation
🌳Etymology
Origin
라틴어 'privatus'(개인의)에서 출발하여 영어 'private'가 되고, 여기에 동사화 접미사 '-ize'와 명사화 접미사 '-ation'이 결합되어 '개인화하는 과정'이라는 의미로 발전했습니다.
🎵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
Synonyms
Antonyms
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