Privatization
Definition, Meaning & Examples
Pronunciation /ˌpɹaɪvɪtaɪˈzeɪʃ(ə)n/ · Part of speech noun
Quick meaning: Privatization is a noun meaning The transfer of a company or organization from government to private ownership and control.
Meaning
The transfer of a company or organization from government to private ownership and control.
More Meanings
- (uncommon) The rendering of a thought or an idea, as private in scope.
Example Sentences
Coordinate term: denationalization
Questioning the privilege of biology went hand in hand with a challenge to the privatization of the family and the notion that parents own children and may therefore treat them however they choose.
The party, moreover, facilitates the accumulation of private fortunes and industrial empires by its foremost members and collaborators through ‘privatization’ and other measures, thereby intensifying centralization of economic affairs and government in an increasingly narrow group that may for all practical purposes be termed the national socialist elite.
Word Forms
- privatizations
- privatisation
Antonyms for privatization
Common opposites include nationalization.
Related Words
Related dictionary entries include corporatization, deregulation, privatizing, incorporation, divestiture, sell-off.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.