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.
Got the picture? Now let's practice.
🎤Pronunciation
🌳Etymology
🎵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
Related
Want to master 19,000+ words?
Sign up free for flashcards & quizzes.